Stopped renting the home in October 2015. Did not reoccupy the house until I sold it in April 2016. Should I adjust (recapture) the cost basis of the house with the unclaimed depreciation from Oct 2015 to April 2016 ? Or did it stop depreciating on the last day of being rented on Oct 2015 ?
You would stop the depreciation on the last day rented. When you say you re-occupied the house, what do you mean by that? Did you move in and have it as a personal home or did you just make repairs?
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