A rental house is placed in service. Depreciation begins for 27.5 years.
The house is rented for 5 years. It is depreciated during this time.
The landlord is done and never wants to rent again. The house is converted to personal use. According to the Depreciation Publication, it has been "Retired from Service" and no more depreciation occurs.
The house is used for personal use for 5 more years. No depreciation is claimed during this time.
Life changes and the owner decides to rent the house again.
The rental house is placed in service. Does depreciation restart at year 6? or reset with the adjusted basis (original basis - previously claimed depreciation) at year 1? Or does something else happen?
