Unfortunately, TurboTax does not have the option to move the asset from Schedule C (an active business) to Schedule E (a passive activity).
Instead, report that you converted the asset to personal 100% use (this generates no gain or loss) for Schedule C. This option appears in the page "Special Handling Required?" during the property interview.
You may also need to delete Schedule C and other related worksheets from your return if the business terminated in 2015. (In TurboTax desktop, go to Forms, open the worksheet, and click "Delete Form" at the bottom of the screen.)
Then, add the property as a Rental Asset, including the accumulated depreciation already taken. This will correctly set up the asset for depreciation for the rental activity.
Any repairs or improvements to the property before you began renting it would be added to your basis or entered as a separate Rental Asset.
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