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yulud
March 29, 2025
Question

I converted a rental property to primary residence. For depreciation calculation purpose, turbotax asks for a business %, is it still 100%?

  • March 29, 2025
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    A
    AnnetteB6
    March 29, 2025

    It would be 100% up until the date that you took it out of service as a rental property.  

     

    At the point that it was converted to a primary residence, the business use percent would be zero and depreciation would not apply unless a portion of the property was still being rented.

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      yuludAuthor
      March 29, 2025

      @AnnetteB6 Thanks for your quick response. This is clear now. 

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