My question is would I recapture the depreciation in 2023 for all the years we took that expense or does that happen when I sell the condo down the road?
When you sell
Also, the tenants left the place in bad shape after they moved out - my question are the repairs or renovations for the damages they did during their moving out, is that a tax deduction on the schedule E or would we put that cost towards our cost basis when we go to sell the Condo down the road?
you've converted to personal use thus the repairs made after the tenant move out are not deductible, nor do they add to basis. However, if any were capital improvements rather than repairs, they would.
