wrl
New Member

Do I need to do Section 179 for depreciation recapture? What date should I use for disposition of rental property when I had personal use before listing for sale?

Bought rental house for daughter and her friend 1/22/16 ... FMV rent from then until 4/30/17.  Daughter died 4/8/17.  Allowed friend to rent for 3 months, 5/1 - 7/31/17, at 1/2 previous rent.  House for sale 8/1/17, sold on 12/8/17.  I never lived in the house myself, but it seems I need to classify 5/1 - 7/31 as "Personal Use".  I also did TT depreciation for 2016. 

In doing the "Sale of Property" in the Business section of TT, I seem to be directed to enter the date of conversion to Personal Use instead of the actual sales date.  When I do this, I have a hard time figuring out how to enter the sales information for capital gain, etc.