Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    How do I properly enter the disposition from rental to primary in Proseries Professional AND is depreciation recapture DUE at conversion to primary or at sale?

    EDESP
    Level 1

    In 2023 taxpayer moved into rental home.  Home rented since 2017.  ZERO days rented in 2023 (proseries is giving an error on Schedule E saying must be at least 15 days rented - so I presume I'll have to delete the Sch E).  183 days as Primary Residence in 2023.  When 7/1/23 is entered as a "disposition date" depreciation still calculates. When entered as 1/1/23 depreciation calculates for 1 day.  No box to check to state "converted rental to primary" (like turbo tax does).  Where do I / how do I enter correctly?

    AND

    Is depreciation recapture due on sale OR on conversaion to primary?

    Thankyou!

     

    0 Cheers
    2 Comments 2
    IRonMaN
    Level 15

    Print the 2022 depreciation schedule and keep it in the client's file for the day that they do actually sell the property.  Then just delete the schedule E worksheet and the related deprecation schedule.


    Slava Ukraini!
    Terry53029
    Level 15
    Level 15

    Depreciation recapture is due on sale