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Other than overriding to not have any current depreciation by asset - is there a way to stop the depreciation on a rental that has been converted to a residence? Want to keep the schedules and basis there so that when rerented or sold is available. Do I need to override each asset current year depr manually annually? I do not see a check box to stop....thanks!
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The only way to stop will also make it go away. Keep a copy of the current year depreciation schedule for later reference.
For each asset, enter a date of sale (You can use Ctrl + down arrow to jump to the next entry). DO NOT enter a sale price. On the rental you can enter a 2=delete next year, if you don't want it to show up on the organizer.
Answers are easy. Questions are hard!
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Enter 0.0001 as business use percentage.
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Change the method to 99 Land.
The more I know the more I don’t know.
