@crowan Hi Chris. The conversion date on your Pennsylvania home can be January 1, 2020 if you decided you no longer wanted to rent the property because you were planning on moving in, and did not rent or attempt to rent the property.
That would suspend depreciation as of December 2019. You can claim a full year’s mortgage interest, private mortgage insurance and property taxes in Deductions & Credits.
TurboTax will not see contradictions between your conversion and move dates. Those are different sections of the program. It’s also not usual to stop renting months ahead of a conversion. Homeowners want to clean up and possibly remodel before they move in. Plus, they may not want tenants up to the last minute. Suppose a water heater broke and ruined your tenant’s possessions two days before their move out date and all your furniture was on a moving van headed to the house?
North Carolina property. Yes, you will have to apportion the North Carolina rental and other state tax credit between Virginia and PA.
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