@ma777 wrote:
In this case, can owner decide not to depreciate the rental property at all?
It will be much nicer. So there would be no taxable rental income for 2020 and 2021; plus at sale $500K - $500K = $0.
Only if you want to receive a letter from the IRS in a year or two demanding payment of the deprecation recapture plus penalties and interest from the time the property was sold.
