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Investors & landlords
Hey Carl. Thanks for the prompt response. I apologize for not being clear. I had an accountant doing my taxes in 2015 and 2016. He stopped taking depreciation when I converted the property. For 2016 he simply listed the property as a rental to carry forward suspended losses with no rental income/expenses or depreciation claimed. I did it the same way for the following years until I had the opportunity to claim those losses last year. It was simply a placeholder.
I think I may have found the way to properly record the information. It looks like I have the ability to enter prior depreciation as well as non-qualified use of my primary residence under the "sale of home" section questions. If I enter the numbers correctly I think I can just then delete the rental.