turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cajutila
New Member

How do I determine previous depreciation taken on rental property?

Last sale it seemed as though Turbo calculated this. Now it asks me. I removed it from rental list and it appears no info remains.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How do I determine previous depreciation taken on rental property?

Go to prior year in the Tax Timeline and access the return for 2015.

You may have to say, "Add a state" to get back into it.  You won't actually add a state, but this will allow you back.

Then go to print and save the return with all worksheets.  Look for the Depreciation Worksheet for the Rental and print that off. This will show the prior depreciation taken.

The sale needs to be allocated to all the assets on the depreciation schedule and the land. 

It may be easier to start over and transfer the prior file back in, if you deleted all the assets on the rental.  

I would try the above first, and then you can decide. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies