Depreciation recapture when converting to own use

[Geoff Eccles]

Hi all. Quick question as I’m having a hard time getting clarity via the IRS publications... ;). One of our rental properties is a condo in SoFlo - owned, rented and depreciated from 2012 until the end of 2018, at which point we decided to start using the property as a 2nd home ourselves - with the intention of it becoming our primary residence within the next couple of years. The way I see it, as it is now below 50% business use we should commence depreciation recapture for 2019 (and onwards until we convert it into the primary residence or we’ve recaptured all the depreciation), and as such should recapture the average annual depreciation each year.... or am I missing something..?  Appreciate any guidance!