PatriciaV
Expert Alumni

Investors & landlords

What was happening during the five months the property was not rented or advertised to be rented? Did you stop using the property as a rental or was it vacant for some other reason?

You may continue to claim depreciation on business property if it is temporarily not in use, with the expectation that you will return it to service at some point. If you took the property out of service (stopped using it in your business), you may not claim further depreciation.

You may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. In this case, you would claim a full year of depreciation.
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