How do I confirm in the Forms section that a particular rental property has been converted to personal use? I don't see that anywhere in the Forms. I did the conversion in the Step by Step section but I like to confirm in the Forms.
Also, what happens near year? Does the real estate still appear in Schedule E now that it's converted to personal use?
What if it has carryover losses? How are those treated now that it's personal use?
Are the past depreciation expenses suspended until the property is sold? How is that tracked from year to year? Does the property have to remain on Schedule E for the tracking of depreciation to continue, or does that happen in a different form?
