Day care depreciation simple question

[Pacun]

Owner was renting out a house and her depreciation was based on 27.5 years because it was residential. Now in the "middle" of the year, she decided to open a daycare center. So last year I have depreciated 4 months on Schedule E and 4 months on schedule C.

Am I correct to start depreciating the house using 39 years?

The house was being remodeled (getting ready for the daycare for 4 months). So, I have to divide Real Estate mortgage and other expenses and enter 1 third on Sch E, and third on Sch C, How about the other third, Sch A????.

[schirallicpa]

It would be nice if the software would put a way in the fixed assets to allocate pieces of an asset to different schedules. Run into this with vehicles sometimes too. Part used for business, part used for farm, some Sch E travel, etc.

Yes - became commercial property. I agree with your logic.

[kcjenkins]

Yes, but I'd put the Real Estate mortgage and other expenses and enter 1 third on Sch E, and 2 thirds on Sch C.