I'm not sure how much allowed depreciation there was during the time it was rented. Turbotax calculates a lot of stuff for me, so it is probably in the Turbo calculations somewhere. So to make sure I am understanding, does that mean if we made $100,000 gain on the sale of the home, we would only be responsible for paying taxes on the allowed depreciation of $10,000 (or whatever it is) and not the $100,000 gain?
