My husband just sold his rental property in 2021 that he has owned since 2006. Taxes filed via TT since 2016. Do I add the depreciation taken on Schedule E for those years or is there something on Form 4562 that shows cumulated? We don't know the depreciation taken prior as he know longer has those tax records. Do we just calculate the basis/ 27.5 for those years we don't know? Help! What happens if incorrect accumulated depreciation is files? For the Basis, I know its the purchase price + qualifying closing costs. Do we also add "permanent" improvements (they were already claimed as improvements on prior tax years.)
