2018 I bought a commercial building for my business. I wrote down the depreciation and the expenses for it on schedule C. Then I got the bright idea to help me with expenses to rent the back out and the side of the building out. I would like to switch to schedule E. Do I just move the rental income to a schedule E? Do I need to move over the depreciation to the schedule E? If so how would I do that? My business uses a major portion of the building and I've been paying property taxes and the building payment throught my business. Please advise.
