You mean to say, there is a line in the IRS form 4562 which states cumulative depreciation for any given investment property? Could you please provide more details. such form number and line number.
I notice accumulated losses for a property upto last year, current year and carried forward losses (In form 8582) but I do not notice any accumulated depreciation anywhere. I wonder when we sell a property after several years, are we supposed to pull out the IRS tax returns of the year we purchased the specific property and add the depreciation year after year to derive the depreciation recapture amount?
