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You won't recapture depreciation (and pay taxes on the amount) until you sell the property. But it does stop depreciating when you convert it to personal use.
Indicate that you converted to personal under the Property Profile section. Then move to the asset section to indicate that you stopped using the asset to calculate depreciation up to the conversion date, and remove the asset going forward.
Print/Save the depreciation report for the asset. You will need the accumulated depreciation when you sell.
You won't recapture depreciation (and pay taxes on the amount) until you sell the property. But it does stop depreciating when you convert it to personal use.
Indicate that you converted to personal under the Property Profile section. Then move to the asset section to indicate that you stopped using the asset to calculate depreciation up to the conversion date, and remove the asset going forward.
Print/Save the depreciation report for the asset. You will need the accumulated depreciation when you sell.
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