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.
In the asset worksheet put the date on "date of disposition" when they stopped renting. Don't fill out anything else only date
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
Thank you so much for your response
Will do. Thanks
Thank you for your response.
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