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Sold rental house and Recalculated Arizona depreciation depreciation Adjustment
Hello
I sold my rental house on May 2021 and I bought it for rental house since 2012.
On Federal
Depreciation of year 2021 is $1533
Prior Depreciation is $35,746
total Depreciation is $37,299 that Fed subtracted from my Expense of sale
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on Arizona Form 140
17 Total federal depreciation ......................... 1,553
26 Recalculated Arizona depreciation .......... 1,553
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My question is on Turbo Tax interview on Arizona State
Depreciation Adjustment
Enter your depreciation adjustment for property sold or disposed of during 2021
Depreciation adjustment ________________
can I add $35,746 from "Prior Depreciation " to Depreciation adjustment box ?
March 27, 2022
8:16 AM