Anonymous
Not applicable

Investors & landlords

@Carl

 

Thanks Carl, very interesting discussion. Indeed the last tenant had lived there for 4 years continuously, and moved out Jan 31, 2019.

 

It's interesting that I can *choose* the 'conversion to personal' date to be either:

(1). A day after the tenant's move-out date

(2). A day after the stop-advertising date / 'stop being available' date

(3). A day before my move-in date

 

I'll choose the stop-advertising date (Aug 31), but very interesting that you'd choose Jan 31 to stop depreciation ASAP. I'd think it'd be the OPPOSITE. Wouldn't you want 8 months of depreciation so your deduction is bigger, instead of 1 month?