@DaveF1006 wrote:
No, you will not be able to depreciate it again for the full 27.5 years. You would resume depreciating again over the next 4.5 years.
I disagree. Regulation §1.168(i)-4(c) says that a conversion to personal use is considered as a "disposition" for depreciation purposes (but no gain or loss is to be calculated).
That means when the property is later "placed in service", it is treated as a new property. So you use the current Adjusted Basis and depreciate it over 27.5 years.
