Hi there-
I purchased a 4-plex in January 2020. I am depreciating each unit separately on my Schedule E for this property. One of the units was placed in service as a rental from 2/1/20-5/31/20, then I moved in from 6/1/20-9/31/20, then rented it out again 10/1/20-12/31/20. How do I calculate depreciation on this unit to reflect this? Should I simply adjust the cost basis to 7/11 of original?
What closing costs can I expense out and what closing costs should I be adding into the cost basis for this property?
From 3/1/20-9/31/20 I rented out my primary residence (a different property), then moved back on 10/1/20. This unit was rented out from, I think, 2010-2016, during which time I depreciated it. When I moved back in 2016 I dont think I properly converted it to personal use on my depreciation schedule. Can just pick up the depreciation where I left off and start with placed in service on 03/01/20 and converted to personal use 10/1/20? Will I use the same cost basis as I did from 2010-2016?
