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?

[jkabbott]

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?

[Anita01 · Accepted solution]

No, the program should do that for you