Rental property was converted to primary residence on 6/4/18. How do I adjust my Property Assets?
Do I adjust the Property Assets - It says to Edit it if I stopped using the Asset in 2018, but it was a rental for 5 months. Do I edit it or delete it? And what happens to the depreciation for those 5 months if I delete it?
01587
1 Replies
aruizdecastilla
New Member
Jun 1, 2019 4:25:07 PM
You can use the edit option, enter the dates when rental period ended and personal use started. The program will apply the depreciation accordingly.