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Raju15
New Member

Rental property converted to vacation home converted back to rental property

I purchased a rental property in Aug-2018, converted to vacation home in Aug-2022 and back to rental property in May-2023. How do I enter this information in 2023 return and make sure the depreciation and losses from previous years is carried forward.

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1 Reply
RobertB4444
Expert Alumni

Rental property converted to vacation home converted back to rental property

You'll need to go back to your 2022 return and get the accumulated depreciation so you can enter it as prior accumulated depreciation.  Then you'll carry on depreciating it.  But all of it will have to be manually entered.

 

@Raju15 

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