So does TTax Premier add in the depreciation not taken to increase the basis as shown in your example above? I know the costs of all improvements and the depreciation that has been taken. Since we only owned the property for a little over 11 years, not all improvements have been fully depreciated. The amount not depreciated should go to adjust (increase) the basis of the property thus reducing the capital gain. Does TTax do this? If not, how do I do it? Where do I go in TTax to verify that it has been done correctly?
Thank you.
