Pianoman211
Level 3
03-02-2025
07:09 AM
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My client moved into their rental home. How can I suspend depreciation on the property while they live there? I don't know how long they will reside there.
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Level 15
03-02-2025
08:10 AM
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In the asset worksheet put the date on "date of disposition" when they stopped renting. Don't fill out anything else only date
ljr
Level 8
03-02-2025
08:27 AM
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I would print out and keep a copy of the depreciation schedule in the file somewhere just incase they start renting again or if they sell you have the prior depreciation amount for recapture
Pianoman211
Level 3
03-02-2025
10:44 AM
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Thank you so much for your response
Pianoman211
Level 3
03-02-2025
10:44 AM
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Will do. Thanks
Pianoman211
Level 3
03-02-2025
10:45 AM
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Thank you for your response.