How to remove part of depreciable asset.

[8 Arms Accounting]

My client has a commercial building that's been depreciated over the past 3 years.  Last year they converted a portion of it into an apartment that they now live in.  How do I "remove" or recapture that portion of the depreciation?  

[sjrcpa · Accepted solution]

It stays since it was claimed. No recapture upon mere conversion to personal use. Just depreciate the appropriate business use percent now.