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Taxgig2017
New Member

I sold rental property after 4 years of purchase. I used turbotax for all 4 years. How do i gather total depreciation for this property and other historical info easily?

Not clear on difference between total sales price vs cost of property plus expenses of sale

how do i calculate total depreciation from turbtax? i used turbotax for all years i had this property.

this was a rental property, not sure what other information i need to gather for reporting sales of rental property.

1 Reply
jtax
Level 9

I sold rental property after 4 years of purchase. I used turbotax for all 4 years. How do i gather total depreciation for this property and other historical info easily?

Turbotax should have all that information and include it automatically. You should also be able to find your depreciation report in prior year returns.Look at your PDF if you saved a "records" version using Desktop or if using online see this previous answer: https://ttlc.intuit.com/questions/4202582-where-can-i-find-a-list-of-my-rental-assets-depreciation-f...

If you go through the sale process and don't it doesn't look right, please ask again.

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that

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