mwh77
Returning Member

Need help with Trust sale of rental house for capital gains tax calculations including effect of previous years depreciation deductions

Sold my parents' house after renting it out for 10 years. The house was part of an Irrevocable Trust. Looking for advice on proper way to calculate capital gains to include any effect on depreciation deductions taken over the 10 years in was rented.  Trust calculated the depreciation using the SL 27.5-year period allowed by the IRS. I entered all data as requested by TurboTax Business 2021 Edition, but Captial Gains result seemed low.