xzll
Level 2

Investors & landlords

@Carl  If you don't mind I bother you again with one additional questions. So as you told me previously, I convert this rental property to personal use on 10/1/2019 (my tenant moved out on 9/30/2019), so the original property depreciation stopped on 10/1/2019. I also follow your instruction to add the home renovation cost as an asset, and put in 12/31/2019 as the start using date. The house was sold on 2/21/2020(closing date), my question is next year, when I file the tax return for 2020, I am going to say this rental property has been sold, since it was vacant since 10/1/2019 until 2/21/2020, will I still be able to report all the expenses(utility, tax, mortgage interest etc) ? Or converting a rental property back to personal use will make all these impossible because it's not rental property any more? thx