TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

I converted a rental prop. to my primary residence midyear. TurboTax carried over the full 2023 amount. How do I change the depr. to reflect only partial year depr?

Forum|Forum|1 year ago
February 3, 2025
1 reply
0 views

Example: The amount for the full-year depreciation is $12,000. We rented through August 31 and moved back in on Sept 1. We should only depreciate $8,000 but TT has the entire $12,000 for 2024. We have the rental days set at 244 and personal days at 0.

When you go through the "asset" for "depreciation", you need to indicate that you converted it to personal use. If you have more than one asset for depreciation, you need to do that for each asset.