This is where I got hung up. If I populate the TT form according to the instructions the cost basis for sale will be correct (my 50%), then it doesn’t allow me to put in the actual prior depreciation since it’s more than would be allowed based on the 50% cost basis.
I could put in inaccurate info for cost basis that matches previous years and put in the actual (incorrect) depreciation and rollover loss for recapture but that didn’t seem like a good idea since it compounds the previous mistake and actually causes incorrect tax.
I was thinking the best path (not involving complex forms, attorneys, CPA, etc for something very old) would be to supply the IRS with accurate data on 2021 and recent years returns.
