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Depreciation Adjustment After Stopping Renting
I stopped renting out my investment home in 2024 but still plan to rent it out someday in 2025. I selected "Converted this property from a rental to personal use in 2024", and put 335 days in "Days rented at a fair rental price". I left "Personal use during the year" blank because we don't live there. The expenses and depreciations don't adjust automatically. I manually adjusted the mortgage interest, RE tax, and insurance, but how do I adjust depreciations. Do I modify the Business %? Thanks,
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‎April 9, 2025
11:49 AM