@Mike9241 wrote:
this might work cut the cost in half and continue to use the original in-service date, etc but 100% business use for 2024. if needed change prior depreciation to what it would be if you depreciated $13750 100% for the old rental period which would come from last year's depreciation history or report. the current year should compute at $500. create a new asset with an in-service date of when the new rental starts with a life of 27.5 years 100% business use. (assumes cost is less than fair market value)
Yeah, this is probably a "clean" way of doing it (two schedule solution). That said, unfortunately for me, my actual numbers are even more complicated because the business % was different every year for a few years (so I'd need to keep track of 5 or so "property parts" which would get really unwieldy - and can't be how people do it in practice, say if they are renting out a bedroom).
