When is a rental property considered purchased or acquired?

[ram10]

I recently purchased a rental property in Texas and am filing taxes on TurboTax.

The system is asking for the date that the property was purchased or acquired. Would this be the settlement (closing) date or the disbursement (funding) date?

My home's settlement happened a day before disbursement.

[tagteam · Accepted solution]

The settlement or closing date.

[ram10]

Thank you!