I converted primary residence to rental on 11/25 : 37 days of rental use. TT looks is using full Nov/Dec to estimate depreciation. How to calculate 37 depreciation?

[MD80]

If I let TT calculate depreciation from Nov/Dec, I am incurring loss in rental income which i cannot claim. Is there a way to ask TT to estimate based on 37 days of rental? Does it mean i am losing on excess depreciation because when i sell the property,  i need to add back this depreciation amount which was not fully used to reduce rental income? Thanks

[Anonymous_]

---

@MD80 wrote:
If I let TT calculate depreciation from Nov/Dec, I am incurring loss in rental income which i cannot claim.

---

TurboTax is calculating your depreciation deduction based upon the mid-month convention, which is correct.

Your rental property is treated as if it were placed in service at the middle of November (11/15/2020) for the purposes of calculating the depreciation deduction.

[Carl]

Here's some additional information that provides a bit more clarity on a number of items.

Rental Property Dates & Numbers That Matter.

Date of Conversion - If this was your primary residence or 2^nd home before, then this date is the day AFTER you moved out, or the date you decided to lease the property – whichever is later.
In Service Date - This is the date a renter "could" have moved in. Usually, this date is the day you put the FOR RENT sign in the front yard.
Number of days Rented - the day count for this starts from the first day a renter "could" have moved in. That should be your "in service" date if you were asked for that. Vacant periods between renters count also PROVIDED you did not live in the house for one single day for any type of personal pleasure use during said period of vacancy.
Days of Personal Use - This number will be a big fat ZERO. Read the screen. It's asking for the number of days you lived in the property AFTER you converted it to a rental. I seriously doubt (though it is possible) that you lived in the house (or space, if renting a part of your home) as your primary residence, 2nd home, or any other personal use reasons after you converted it to a rental.
Business Use Percentage. 100%. I'll put that in words so there's no doubt I didn't make a typo here. One Hundred Percent. After you converted this property or space to rental use, it was one hundred percent business use. What you used it for prior to the date of conversion doesn't count.