@Carl wrote:
there may be an alternate election,
TurboTax can't handle that.
That does not matter because an alternate election does not exist; conversion back to rental use entails starting a new depreciation schedule (over 27.5 years).
@Carl wrote:
.....using that new cost basis you start depreciation over again for the next 27.5 years.
In most cases that will be accurate but, technically, the lower of adjusted basis or FMV must be used.
