- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You'll convert to personal use in schedule E for the rental property. Then you'll depreciate it as a brand new property starting the next day with a starting depreciation basis equal to the ending basis that the property had on schedule E. You'll enter that in the assets section of your schedule C business.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 16, 2025
3:04 PM