Removed Property from Market and Schedule E

[Frank S.]

Hi there, 

What happens when one stops renting a particular property. 

This is not related to a sell, so no recapture taxes apply. The reason is simply that there was no effort to rent such unit for a year.  This is not due to market conditions or improvements. 

In that case, I assume no deductions and depreciation can be taken on Schedule E.  Sch. E would show losses, but zero income. 

Are all the deductions simply paused until a future year?  

If the unit is eventually turned into a private residence, this will trigger Schedule A instead. 

Thanks,