Investors & landlords


@Carl wrote:

....you may find it easier and simpler to just convert it to personal use on your 2020 tax return with a conversion date of 1/1/2020. 


If you follow that method, you will find that the property will be taken out of service (i.e., depreciation will cease) at the middle of January consistent with the mid-month convention.

 

As a result, TurboTax will still calculate a depreciation deduction for 2020.