Thank you for the detailed response. It is a rental and I also have it listed as a sold asset under the rental section. Ive gone through it several times and the only place it asks for prior info is the first page where it asks me to verify the info transferred from last year's return. It displays the purchase date, purchase price, land value,prior depreciation. It all looks correct for this property. Am I supposed to modify the prior depreciation to include this property and the previous property. Even if I did it would only take into account the depreciation recapture and not the capital gains. I would have to change the cost to the adjusted cost calculated using both properties. Is that what I'm supposed to do?
