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New Member
posted Apr 10, 2020 2:28:54 PM

Where in the Turbox can I change a rental property to a primary residence?

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1 Replies
Intuit Alumni
Apr 10, 2020 2:44:48 PM

You will need to "dispose" of the property in the rental section.

In the rental property section under your Property Profile, indicate that you converted the home from a rental to personal use.

 

On the page, Was This Property Rented for All of 2019?, select 'no' and enter the number of rental/personal days.

 

If it was rent at all in 2019, dontinue to enter the rental share of interest, property taxes, insurance, etc.

After entering the expenses, navigate to the Asset section to dispose of the property.

 

Do this for any other assets you may have been depreciating as well. This will calculate any remaining depreciation up to the conversion and remove the worksheets going forward.