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Investors & landlords
There is no "form" for converting a rental to personal use. Never has been.
Just look at the SCH E. Some things you should notice:
Line 1b fair rental days will be equal to or less than the number of days it was a rental
Line 18 depreciation will be less than it was last year. The exact number depends on the date you converted to personal use.
‎April 1, 2024
5:04 PM