I purchased a home last year and rent out one third of the house. How do I set up depreciation on the portion I rent?

[Carl]

The first one appears in the property profile section. On that one, you "DO" enter percentage of time it was used in the business since you converted it to rental. That percentage will be 100%. What you used it for before converting it to a rental just does not matter for anything.

The 2nd one appears in the assets/depreciation section on one of the screens you get when you are entering the property as an asset.  See the image below, and note what's circled in red, and the text I added in red.

[bentley311]

Thanks Carl, but I am still not sure how you even got to that screen. Thoughts?

[Carl]

In the assets/depreciation section, you have to enter the property itself as an asset. Just start doing that and you'll come to the referenced screen.

[bentley311]

Thanks for sticking with me.  Can you tell me how I get to that from this screen?

[bentley311]

Anyone ever come to anything on this? Still unclear why I am not presented with these same percentage screens that others are. Thanks!

[RaifH]

1. From there, you select Looks good.
2. Enter your rental income if you have not done so already.
3. This should bring you to a screen that says Here's your rental property info. Scroll down to assets. This may have already been started for you based on your prior entries or you can click Add expense or asset.
4. Select Rental Property asset if it is not pre-selected. You can also select any other expenses you have.
5. Edit next to Rental Property
6. Select Rental Real Estate Property.
7. Residential Rental Real Estate.
8. Enter the description and cost information.
9. This will take you to the screen above. Select No, I have not always used this item 100% of the time for this business. Enter the date you started renting it out and enter the portion of the square footage as the percentage of time. 
10. This will start depreciating the property from the date you entered business use. The portion you enter as percentage of time will be the percentage of the cost of the property (not including land) that is depreciated. 

@bentley311