All Forum Posts by: Scott Minium

Steven,
thank you so much for your response. Just one more question. It is likely the house will rent again before I sell it (if and when). So when it becomes a rental again, do I just pick up the depreciation from where I stopped?

Oh, I should add that I am in the military and that I will be filing the Sched E for this property just as if I had not moved back in, excepting of course that I have to adjust for the short time I was in the house in 2011.

I purchased a home in 2006. It was a rental property from January 2009 through November 2011. I claimed the depreciation in 2009 and 2010, and now we have moved back into the home. Some of that depreciation was not deductible due to my income. I understand the property is now 'retired' from rental use. Here are the questions regarding my 2011 return:
--Do I also include depreciation from 2011? I think so.
--Am I required to list depreciation from 2009-2011 as income this year? I think so.
--Is this 'income' adjusted (down) for the depreciation that was disallowed in prior years? This seems reasonable, but I don't know.
--What forms are used to document all of this?
Thanks for any help or direction you can provide.
-Scott