If you're using SCH E and just not depreciating, that means Assets/Depreciation should be blank.
Percentage of time I used this item for this business in 2022 (e.g., 80%): - can you confirm if this should be 50%?
Nope. Still 100% from the in service/conversion date.
- No, I have not always used this item 100% of the time for this business.
Yes, it was used 100% for business between the conversion dates.
- I first used this item at least part of the time for this business, and also used it for personal purposes.
This question isn't asked when you've got 100% business use.
Date I started using it in this business: 10/1/2015
Nope. The date you converted it to rental in 2022. I think that was April 2022 after you moved out.
All rental expenses are 100% deductible (since you're reporting on SCH E) and you only enter those expenses incurred during the time it was a rental. Because you converted to rental and back to personal use in the same tax year, you may have to manually pro-rate the mortgage interest and property taxes. Not sure on that. But I suggest you do so anyway and do not select the option to let the program do it for you. Regardless, you will definitely have to pro-rate the property insurance. All other rental expenses are 100% deductible on the SCH E, as you only enter those incurred while the property was classified as a rental.
