Hi Carl or whoever can help,
I have a follow-up question whether we can report only a fraction of the accumulated depreciation after the sale of a rental property.
In my case, the depreciation calculated by TurboTax throughout the years was too inflated. They did not help my yearly rental income as it always ended up in the negative.
May be this is a long shot but it does not hurt to ask the experts.
Finally, would a tax accountant/lawyer help with my case?
Regards,
-Omar
