Purchased primary residence December 2005. Lived in it until January 2019. Made it a rental in January 2019. Sold it September 2019. I was told you don't have depreciation if you sell the property the same year you put in service. To establish my basis in the property for the sale, do I use the date I purchased the property, and calculate depreciation I never claimed or use the fair market value of the property at the time I made it a rental? Bottom line is; does the recapture rule apply to a property put into service for a rental and sold the same year?
