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.

TT Business 2024 - convert rental house to personal use

I use TT Business 2024 to do taxes for my rental property.  We converted to personal use in 2024, and I cannot figure out how to tell TT Business 2024 to switch the house to personal use. Can you please give me a step-by-step including how to remove depreciation of assets.  Thank you.

 

 

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.

2 Replies

TT Business 2024 - convert rental house to personal use

The house is in an LLC, if that makes any difference in your answer.  Thanks.

TT Business 2024 - convert rental house to personal use

TurboTax Business?

 

Is this a Corporation or is this a Partnership?

 

Was the house distributed to you?  Does the Corporation or Partnership still exist?

 

If the rental was in a Corporation or Partnership and it is not being used for personal use, you REALLY  need to go to a tax professional this year.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question