You'll need to sign in or create an account to connect with an expert.
The information from your previous return about the rental property should transfer to your 2017 return. Edit the property information and continue forward until you get to the screen titled Do Any of These Situations Apply to This Property?
Check the box labeled “I converted this property from a rental to personal use in 2017”.
There will be some guidance on the screen to tell you that you will need to divide your expenses between the time the property was still being rented to the time that you began using it as your home. The screen will also remind you that you will need to go through the Assets section of the rental income and expenses in order to stop the depreciation of your assets as of the time the property was converted to personal use.
The information from your previous return about the rental property should transfer to your 2017 return. Edit the property information and continue forward until you get to the screen titled Do Any of These Situations Apply to This Property?
Check the box labeled “I converted this property from a rental to personal use in 2017”.
There will be some guidance on the screen to tell you that you will need to divide your expenses between the time the property was still being rented to the time that you began using it as your home. The screen will also remind you that you will need to go through the Assets section of the rental income and expenses in order to stop the depreciation of your assets as of the time the property was converted to personal use.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
matterbb-gmail-c
New Member
tmurraysdca1
New Member
baldeagletransporting
New Member
ronloftis
New Member
K_lead90
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.