I live as an owner in an owner-occupied 3-family house. In general, 60% of collective expenses are deducted, but some are deducted at a different rate based on facts. Some capital expenditures are exclusive to one of the apartments, and they are depreciated at 100% straight-line over the usual 27.5 yr life. We are considering temporarily (for a few years, roughly) converting one of the apartments into adjuncts of our living unit. Using TurboTax (which I have been using for about 30 years), how do I suspend (in some cases) or re-calculate (in other cases) the depreciation going forward (tax years 2024 onward)? The new collective deduction for such expenses will become 30%. I have a pretty good handle on expenses, but no clue on how to deal with depreciation.
