@elm100 wrote:
What becomes of all the remaining depreciation?
The accumulated depreciation remains with the property until you dispose of it in a fully taxable transaction to an unrelated party or you die.
If you actually transferred title (gifted the property) to your parents, they will generally take your adjusted basis (which includes all of the depreciation deductions you have taken over the years).
If you still own the property and decide to place it back into service as a rental, then depreciation will start over again (for the 27.5-year recovery period) but with the basis that reflects the previous depreciation deductions (i.e., at the lower adjusted basis).
