You are correct, you should not depreciate you house if it was only used as a rental during 2022. You can delete the asset. Your rate of 49% is what you should use for allocating expenses. As for the furnishings and decor, if you choose to deduct them, you should only deduct 49.6%. Additionally, since you stopped renting the property, you will have to covert those items to personal use, which will result in a gain on each item. I would not expense those items.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
