Pianoman211
Level 3

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.

Terry53029
Level 15
Level 15

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

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

Thank you so much for your response

Pianoman211
Level 3

Will do.  Thanks

Pianoman211
Level 3

Thank you for your response.