I purchased an apartment in November 2017. How should I proceed?

[jdenhard]

I purchased an apartment in November 2017.  I made it available for rent on Dec. 1, 2017.  How should I proceed in order the declare the rental income and the expenses for that property?  Can I depreciate?

[CathiM · Accepted solution]

Yes, you can depreciate it for the month of December when it was available for rent.  Here is how to enter it as a rental property in TurboTax, see below. Note: In the rental section, you will have to set up your rental in the Property Profile and also enter it as and asset in the Asset/Deprecation section.

https://ttlc.intuit.com/replies/3288530