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Investors & landlords
Yes, if the property was used as a rental at all during 2023, that last screen would show the 2023 depreciation and transfer that to Schedule E.
HOWEVER the previous screen is not what would be used for a rental after reporting that it was converted
It looks like the rental is being disposed under
Personal Income
Less Common Income
Sale of Home
THIS IS NOT WHERE IT SHOULD BE REPORTED.
After you select "Yes" for special handling, the program should show you the screen you posted above for the 2023 depreciation and that should be the end of it, (unless you took Section 179 on any rental assets).
Please check
Personal Income
Less Common Income
Sale of Home
and make sure nothing is listed there
When a rental is SOLD, there is usually depreciation that needs to be "recaptured" or paid back.
When a rental is converted to personal use, that "depreciation recapture" is deferred until the property is eventually sold.
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