I have a rental property that I have used a Schedule C to depreciate the property which my previous tax preparer had setup in the previous years. This year I am stumped as to what the depreciation expense should be for my rental property. I believe my tax preparer last year used passive activity because I see a worksheet on it. Should this negative amount be carried over? How would I calculate the depreciation for my rental property this year? Also, I made improvements to the home, such as a new front stoop and a walkway and replacing a gas dryer. Is it worth depreciating this? I was looking to collect this upon the future if I decide to sell. Sorry for the overwhelming questions. Thank you.
