- quote -

It would be so convenient if such conversions always
happened on January 1, wouldn't it?

Seth

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- quote -

If you can't learn to lie to software, you're not bright
enough to use it. Since you don't have a rental, you don't
have Schedule E to worry yourself or TT about. When you
sell it you also won't have Schedule E to worry about. I
don't see the problem.

Phil Marti
Topeka, KS

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How to "suspend" depreciation on rental property that has
been converted to primary residence and will not be sold for
at least two years?

How do I "suspend " the yearly depreciation calculations in
Schedule "E" and save the accumulated depreciation for use
when the property is sold?

(I have been using Turbo Tax Pro, Schedule "E" to track
yearly depreciation on a rental property. In July 2003 I
converted the rental property to my primary residence. It
will be at least two years, August 2005, before I sell the
property. Turbo Tax does not seem to have a way to do this.
TTax only wants to "sell" the property and pay the capital
gains tax. Does this have to done manually?)

Thanks

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