What is best practicemethod to change depreciated business property to personal use

[IRonMaN · Accepted solution]

What type of business entity?

[myerstaxservicel]

schedule c small sawmill turned to hobby

[IRonMaN]

Mark the assets with a sale date as of the date they were no longer used for business but don't enter a sales price.

[itonewbie]

And add a carryforward note for yourself.

[Just-Lisa-Now-]

I print out the depreciation report and keep in the file in case they sell it at some point