The Depreciation Mid-month Convention
The depreciation mid-month convention is a requirement made by the IRS that applies to the allowable depreciation real estate investors can take during the purchase and sale year of rental income property.
So You Know
Executive 10 automatically computes depreciation with the mid-month convention based upon property data entries and then posts the results in the appropriate reports. With iCalculator (used in this video) you can make this and 60+ more real estate calculations.