NoClue143
New Member

Calculating Recapture Depreciation with lost Tax Records

I purchased a rental property 14 years ago. I'm selling the property and depreciated 3.636% each year. In 2005 Hurricane Katrina hit allowing for the Gulf Opportunity Zone to depreciate up to 50% of the property. I cannot recall how much I depreciated and did not keep my taxes returns because I was young and stupid.

 

I can't obtain tax returns from more than 10 years ago. How do you go about filing the recapture depreciation given I simply can't identify how much I actually depreciated? Do I just use the straight line depreciation?

 

Thank you for your response. Much appreciated.