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not in use status for depreciation

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not in use status for depreciation

CPACathy

It would be nice to be able to proforma the asset and accumulated depreciation for future disposition  when the use has changed, for example business use of the home has ended, but depreciation had been taken.  Same thing for moving into a rental property.

Status: New
Vote now if this is a good idea
2 Comments
sjrcpa
Level 15

Change the method to 99.

Colorado
Level 2

Changing to method 99 means you still need to keep the rental/home office/Sch C on the 1040. It would be helpful to keep, for example, home office depr in the file after there is no current home office.

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