1. Yes, pick up from 2023 position using your 2006 information. You enter the date you started renting the house in 2006, using the same house and land values. Enter any other items being depreciated, like a new roof or refrigerator. Enter the dates those were placed in service, follow the same method of depreciation. Keep everything just the same.
2. You will enter the original cost of each item. The program will calculate depreciation and ask for you to make any adjustment to the program. It should be the same or very close to your accumulated deprecation totals for 2023.
3. Items that are fully depreciated will show a zero and do not need to be entered unless you took a sec 179 deduction and may need to recoup that deduction since it would not be fully depreciated using the straight line method.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
