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How do you enter the removal of a rental prop that has reverted back to personal use? Rented for first five months of yr and then used as a pers residence for 7 mos
Will the program automatically compute depreciation for the 5 month rental portion of the year? What do you enter to make this depreciation allocation since it is not a taxable disposition of the property. The house was rented for the first five months of the current year and the owners moved in and are using it as a personal residence thereafter.
