@JJ548 wrote:
At the time put in FULL amount for cost basis
depreciation auto-calculation was also wrong.
There is no tax amount impact from 2017-2020 since my depreciation/loss could not be taken and has been carrying over.
You use your actual cost Basis.
You use the amount of depreciation that you actually claimed.
2017-2020 still affect things because you claimed too much depreciation. The carryover amount is used when you sell the property, so it that 'excess' depreciation *IS* being used.
Form 3115 does not apply.
