Investors & landlords

Thanks for these same-day answers. Correct me if I'm wrong, but the main problem seems to be that I must include the depreciation into my adjusted cost basis in spite of the fact I didn't benefit from depreciation expense on my Schedule E. I'll lose out on some money this year.

If that's the only issue, I can probably live with it. The house wasn't a big purchase or a big sale and I imagine it would cost me more to use a professional than I'd lose from just filing properly this year.