Carl
Level 15

Investors & landlords

@firedrake123 so far, none of the responses you've received are correct, in that I don't think the responders are interpreting your initial post as I do. I see two possible scenarios.

1) You were depreciating the property as a SCH C asset over 39 years, or

2) Regardless of how it was classified before, you converted the property to personal use for a period of time, and are now going to use it as residential rental real estate on SCH E.

So which is it? In what tax year and on what date specifically, did you convert the property to personal use?