mroses
Returning Member

Investors & landlords

@DianeW777 Thank you for your response. You say that “Temporary in tax terms will not mean a year or more for vacant or idle.” It makes sense, but is there anything written in any IRS publications about the amount of time a rental can be vacant/idle?

 

To convert to personal use would I simply not submit a Schedule E? Does the depreciation recovery period (27.5 years) “pause” for the time that the property is taken out of service and then resume when it is placed back in service?