- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I was able to find all the 4562 for all the years from 2009 for THIS asset (rental house only) and summed these up to get the total depreciation amount to be recaptured for this asset.
I entered this amount manually in TTax since the Prior Year Depreciation amount on the 2013 return (1st year I used TTax) was incorrect vs. what I took in actuality from 2009 to 2012.
The 2013 depreciation TTax calculation was different than what the enrolled agent calculated and reported on the tax returns. Maybe a different "accelerated depreciation" calculation vs. linear one, I guess.
I hope I have done it correctly, let me know.
I probably I would need to do the same as above for the other assets, but they are small amount vs. the rental property and I do not have the "Amortization & Depreciation Report" for them from 2009 to 2012. :(
Thanks!