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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.
‎August 4, 2020
5:57 PM