Convert house-hack to 100% rental

[Luan Oliveira]

Looking for advice on how to convert a property from 67% rental to 100% rental mid-year. I'd been living in the home for three years.

I've read that I should stop using the asset on X date, then add a whole new asset the next day at 100% business use. I'd then take all the depreciation I've taken up until that point, subtract it from the original cost, then use that as the new cost basis for 100% use. Then that "new" asset would be depreciated for a further 27.5 years. Does this make sense? Or is there another way I should be approaching this?