Rental Property Depreciation
My accountant has been completing my returns for my live-in rental property since 2006 (purchase of my 2 family home). I live upstairs, and rent out the bottom. When calculating the depreciation on the house, how does it change from years prior? The way I calculated it differs from the 07 return. The unit has been rented out since I bought it. Do I use the date it was made available since 5/06 or 1/08? It's the same tenants. Also, turbo tax asks how much is business vs. personal, I assume 50/50 or 50% because I reside upstairs and manage downstairs? :confused: