turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to not claim Depreciation for rental

I'm using TT Business software.

We have rented our vacation home since 2009 and have always claimed the depreciation.

In 2024, we switched to personal use, and we are not allowed to take the depreciation expense.

How do we tell TT Business to not claim any depreciation for 2024?  It keeps adding the depreciation, even though we told it we used it for personal use only.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Employee Tax Expert

How to not claim Depreciation for rental

You will get depreciation for the time it was a rental until it became personal use. If it became personal use January 1, go back through the asset section to be sure you marked it converted there and went through those questions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question