ray500
New Member

How to claim catch up depreciation on a property that has never been depreciated since purchase?

I purchased a rental property back in 2003 which was vacant until Oct 2012 and has been rented out since that year.  I have never claimed depreciation on this property and need to know how to claim all previous depreciation from as far back as possible. I don't think Turbo Tax Home & Business is asking me the right questions through the interview to do this right because it is assuming I have claimed depreciation previously.