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June 4, 2019
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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?

  • June 4, 2019
  • 1 reply
  • 29 views

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?

Best answer by

No, the program should do that for you

1 reply

Answer
June 4, 2019

No, the program should do that for you