On Apr 14, 1:39 pm, zl1...[at]yahoo.com wrote:

- quote -

Yes, you have to claim depreciation. The month placed into service
would be December. See table A6 on page 77, and use year 1 month 12.

http://www.irs.gov/pub/irs-pdf/p946.pdf

Table A-6. Residential Rental Property
Mid-Month Convention
Straight Line--27.5 Years

BTW, the property is assumed to be placed in service in the middle of
December, which is pretty exact for your case. The ratio is
100/27.5/12/2 = 0.15151515151515151515151515151515, but you should use
the table amount of 0.152.

========================================= MODERATOR'S COMMENT:
- that series is just 5/33. Rounding is good.

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zl1515[at]yahoo.com wrote:
- quote -

see pub 946
http://www.irs.gov/pub/irs-pdf/p946.pdf

It's remarkable how friendly the IRS site has become. A couple clicks
and there you go. Years ago, it was a mess.

Joe
www.blog.joetaxpayer.com

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I placed a piece of rental property into service on Dec. 17 2007. Do I
have to claim depreciation for it on my taxes since it was put into
service so late in the year? If I do how do i figure how much to
claim?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >