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gss2
April 6, 2025
Question

Depreciation on Rental

  • April 6, 2025
  • 1 reply
  • 0 views

I rented my entire place for 2 years and then lived it in for the next 2 years but with a roommate.  How do i reflect depreciation in turbo-tax?

    1 reply

    R
    RobertB4444
    April 7, 2025

    Your business usage percentage for the first two years is 100%.  During the two years that it was only partially rented it would be based on square footage.  So maybe 50%?  Maybe less.  You'll have to figure that out.  But you will convert a percentage on it to personal use and then continue depreciating the percentage that you are still using for business.

     

    @gss2 

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