RobertB4444
Expert Alumni

Deductions & credits

You didn't convert it to personal use in 2021 if it had carryover losses.  When you converted it to personal use the passive losses would have been taken in 2021.  You'll need to amend your 2021 tax return to convert it to personal use and then you'll take the losses in 2021 and not have them to carryover to this year.  

 

Since you've converted the home to personal use you don't need to keep carrying it on your return but you should save the depreciation schedule from last year's return in order to recapture that depreciation when you sell the house.

 

@gregbe2000 

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