Hello, I bought a condo in 2012 (for $250k). I was forced to rent it in 2024. Is my understanding correct that I'm required to use MARCS & that given the asset only comes into use in 2024, I would use the year 1 column 2 rate of 3.182% to charge depreciation for that year? this will bring the net income to be negative what do I then do? And can I carry over the loss? How will the depreciation recapture aspect work when I sell the condo?
