Depreciating rental property - take two Back in 2009, i moved out of my home and converted the place into rental property. I started depreciating the property in tax year 2010. In 2011, I moved back into the home and stopped taking the depreciating deduction.
In the summer of 2017, I again moved out of the home and re-rented it.
I would like to restart taking depreciation deductions on the property but i am not sure how to go about doing so.
Do I take a depreciation deduction for this rental on my 2017 return?
Do I use the the original depreciation schedule i filed with the IRS back in 2010 or must I file a new depreciation schedule with form 4562?
Any help is most appreciated. |