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How do I indicate conversion of a rental property to primary residence, if I purchased the property, rented it, and converted it in the same year?

I purchased a rental property in March 2021 and continued to rent it to the existing tenant. In December 2021 the tenant left and I moved into the house as my primary residence. I have two questions:

1) Should I take depreciation on the house?
2) Where do I indicate the date on which the home became my primary residence in TT?

Here is the timeline:
    • Date acquired
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2 Replies

How do I indicate conversion of a rental property to primary residence, if I purchased the property, rented it, and converted it in the same year?

No depreciation is taken in this situation ... only report the rent & associated expenses on the Sch E.  You must prorate the common expenses(like RE taxes, insurance and mortgage interest)  yourself as the program will not do it correctly with a part year rental  and the personal use days must be zero.  

How do I indicate conversion of a rental property to primary residence, if I purchased the property, rented it, and converted it in the same year?

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