No. Deleting the rental is not the best solution. You need to dispose of it in the rental section.
In
the rental property section under your Property Profile, indicate that in 2016 you converted the home
from a rental to personal use.
On
the page, Was This Property Rented for All of 2016?, select 'no' and enter
the number of rental/personal days. Continue to enter the rental share of
interest, property taxes, insurance, etc.
After entering the expenses, navigate to the Asset section to dispose of the property. Do this for any other assets you may have been depreciating as well. This will calculate any remaining depreciation up to the conversion and remove the worksheets going forward.
See attachments.
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