@AmeliesUncle @Carl @Anonymous_
We were able to find the old returns.
The 2010 form 4562 shows:
Placed in service: 12/27/2010
Basis: $51,582
Recovery period: 27.5
Convention: MM
Method: S/L
Depreciation deduction: $54
...and in 2011 - $1289; 2012 - $1290; 2013 - $1290
He had all these amounts listed on the line for "residential rental property" with 27.5 yr recovery, but looks like he actually spread it out over 40 years for some reason???? Can anyone make sense of this or did he do it wrong?
Thank you!!
