bjmt
Level 2

Investors & landlords

Hi @Carl , just wanted to follow up. Do the below changes sound right to you? When I input the cost (net of land) figure from 2016 , it zeros out depreciation for this year completely. Cost basis for the property itself I followed your guidance and took cost basis back in 2015 minus the accumulated total depreciation taken up until 2019 (the last year it was used as a rental throughout the year).

Please let me know.