I used depreciated value of my rental property as rental expenses for first 2 years. What would happen now if I keep the amount same until I sell the property?

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Depreciation is not an option. You are required by law to depreciate rental property for each and every day it is "in service" as such.

"What would happen now if I keep the amount same until I sell the property?"

Basically, he IRS would have a field day with all the back taxes, fines and penalties they would be collecting from you when they audited you.

Do you have an Intuit account?