RobertB4444
Expert Alumni

Investors & landlords

That is the correct way to depreciate your rental property.  If you entered the adjusted cost basis when you created the property TurboTax will automatically add that in when you sell the property.

 

If you used a different preparer for the original return then you sell it add the difference back in for the adjusted cost basis.

 

In the year you sell you will put in the date of the sale and TurboTax will automatically compute and include the part-year depreciation up to the date of sale.

 

@Tax2019Pay 

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