Howdy, I sold my house using a 1031 and found like kind.
On the 1031 form it wants the adjusted basis
In the adjusted basis I SUBTRACT all deprecation ever claimed on the house
In my Form 4562 Depreciation Report, I have my previous year deprecation and current year
I am asking here, do I calcaulate ALL of "Current Depreciation" for this year, part of it, or none of it?
Let's say I sold my house in February 1, 2021 for example, one month into the calendar year.
I don't want to overcount my depreciation from this year accidentally as it adds another $5000 or so to the adjusted basis.
