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Business & farm
It was rented continuously (at 100%) since that 02/01/2008 date. By previous depreciation, I just relied on the previous years depreciation schedule. Would I have to go through each tax return since 2008 to determine the 'previous depreciation'? An online depreciation calculator I found doesn't rely on 'previous depreciation' like TurboTax is asking. It just wants the cost basis ($52,650), recovery period (27.5 yrs) and the starting month/year of rental service (02/2008). Thank you. Perhaps I should switch to the Desktop version so I can see the schedules/tables.
‎February 4, 2020
9:38 PM