topic rental property converted to primary residence in Deductions & credits

rental property converted to primary residence

prakash00 — Wed, 11 Feb 2026 10:48:51 GMT

Client moved into their rental property in 2023 on which he claimed depreciation from 2019 to 2023.

How does he report the change in the tax return and defer or suspend recapture of depreciation till sale.

Re: rental property converted to primary residence

Anonymous_ — Sun, 22 Dec 2024 04:16:06 GMT

Re: rental property converted to primary residence

rjs — Thu, 10 Oct 2024 00:59:33 GMT

Are you a tax preparer? You cannot use TurboTax to prepare tax returns for clients. TurboTax is only for do-it-yourself consumer use and cannot be used by paid preparers. Intuit (the company that makes TurboTax) has three tax software product lines for professional preparers: ProSeries, Lacerte, and ProConnect. You can find information about all three product lines at the following link.

Professional tax software for preparers