I bought a new condo in 2003, lived in it two years then rented it out in 2005. For Depreciation - Form 4562 it asks for "Date acquired?", is it 2003 or 2005 ?
- posted
16 years ago
When is a rental property 'acquired' ?
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- posted
16 years ago
I don't see where the form is asking for date purchased. What matters is the date it was placed in depreciable service, which is 2005.
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- posted
16 years ago
Think software. The data input screen doesn't always reflect the form. Or the code and regs.