Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Washington Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
5
Votes
Samantha P.
  • Real Estate Investor
  • Seattle, WA
5
Votes |
9
Posts

How to calculate depreciation the second time around

Samantha P.
  • Real Estate Investor
  • Seattle, WA
Posted

Hello! I purchased a property as my primary residence in 2006, converted it to an investment property in 2009, and then moved back into it in 2016. If I convert it back into an investment property, how do I calculate the depreciation when I start putting it back on my Schedule E? Do I continue the old/original depreciation schedule or somehow recalculate it? I read one post that suggested that I would need to go back and amend my 2016 taxes to recapture the depreciation at the time I had moved back into the house (!)

I also have a question about capital gains, since we might have to sell the house at some point in the next year or two. The house was under water for most of the years it was a rental, and only started being above water again within a year or so of the time I moved back into it in 2016. Is there some way that I can provide that evidence rather than the capital gains being averaged out on an annual basis from the time that I bought the house originally? 

Thanks!

Loading replies...