Carl
Level 15

Investors & landlords

@itutuia Get the the rental section and start working through the rental "AS IF" nothing has changed. Enter any/all rental income received during the year. Then enter all rental expenses incurred during the year that were incurred "BEFORE" you converted the property to personal use.
Then, in the Assets/Depreciation section you must work through each individual asset listed, one at a time. You'll have a screen for "I stopped using this asset in 2023". Select YES.  WHen/if prompted, enter the date that is one day after the last renter moved out.
You'll have another screen titled "Special Handling Required?" On this screen you "MUST" select YES. If you do not select YES, then you will be *forced* to enter sales information. You did not sell the property. You're just converting it to personal use.

If you claimed "ANY" vehicle use on this rental property, then you must also show disposition of that vehicle - even if the business use was less than 100%. Just work through the vehicle asset section, indicated you "stopped using this vehicle in 2023", enter a date of one day after the last renter moved out, then press on.Also, if you get the "Special Handling Required?" screen on the vehicle, then same as above, you must select "YES".

Once you have done this for each and every asset listed in the Assets/Depreciation section, finish working through the rental section in it's entirety, and you're done.