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Depreciation
Hello,
My wife and I sold two investment rental properties in 2021. In the turbotax software, it is asking for "amount of depreciation taken in prior years". It further clarifies to not include any section 179 deduction or first year special depreciation allowance deduction. What is the easiest way to calculate this info correctly? I am hoping that you can specify tax form and line so that I can look at the appropriate figure. Thanks!
‎April 6, 2022
11:15 AM