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New Member
posted Jun 3, 2019 6:11:19 PM

Do I need to pro-rate my values entered in the rental asset/depreciation section for the time my home was rented out during the year, or does TurboTax do this for me?

I entered the full purchase price, the date I started using it as a rental, the FMV to purchase the home on the date it was ready to be rented out, and the full year property tax values (land and structure/improvements) based on the latest assessment I have. Do I need to pro-rate any of these numbers since the property was only available to be rented out 324 days of the year?

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1 Best answer
New Member
Jun 3, 2019 6:11:20 PM

No, the program should do that for you

1 Replies
New Member
Jun 3, 2019 6:11:20 PM

No, the program should do that for you