George4Tacks
Level 15

No. Enter the date of conversion as the date of sale of the assets attached to the Schedule E, but DO NOT enter a sales price. That will retire the assets. 
Schedule E and any passive losses will carry to next year.  You can then delete the Schedule E and figure out how to carry over the passive losses. I believe you need to just write yourself a note to remember to claim them when the property converts back to rental or is sold. 


Answers are easy. Questions are hard!

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