1031 exchange converted to primary residence

[dimaasanov]

Hello,

I have home & business edition. I converted my 1031 rental property to my primary residence. Turbotax just suggested I deleted it  from rental income section. How and when do I recapture taxes deferred on that property? Do I have to do it now since I converted 1031 rental property to my primary home or wait till I sell the property?

thank you,

[IsabellaG]

The TurboTax suggestion is correct. You won't have to recapture any depreciation allowed/allowable on your property until you sell your property.