ColeenD3
Expert Alumni

Deductions & credits

You can't just make changes to the depreciation. You'll need to file Form 3115 to correct the past errors. Depreciation recapture is not irrelevant. Even if you convert it to personal use and exclude the gain, you still have to recapture the depreciation.

 

One solution is to elect an accounting method change and file a Form 3115 in the current year and take the  prior depreciation as a section 481(a) adjustment. [land  value is separated, land is not depreciated]

Below are the IRS links related to the change in accounting method. TurboTax does not have that form.

May be these will help

Form 3115, Application for Change in Accounting Method

Change-in-Accounting-Method

Instructions for Form 3115 (03/2012) 

Instructions

Form 3115,

Form 3115