I have 2 questions:
1. I am trying to enter my rental depreciation. From previous article "Calculate Depreciation for Rental Property":
I need confirmation in the "Cost" field (Business>Business Income and Expenses), is the cost minus the land or is it the total cost of rental property purchase plus expense?
Describe the residential real estate:
Cost of Land:
Date of purchased or acquired:(mm/dd/yyyy)
2. If I sell a rental property during Feb, for the rental depreciation, same as above #1 right?
Or have to calculate the number of months?