Question
Stop date for depreciation on a property that was under depreciation for 2022 and until Nov 15th, 2023
The clients had a property on their 2022 return that was depreciating Building which was the home. They moved into this property as the primary residence on November 15th 2023.
How do I enter depreciation for the property up to the date they moved in for the 2023 return in Lacerte? How do I enter a stop date for depreciation?
Shouldn't they be able to depreciate up to the date it became their primary residence.
