If I converted my home to a rental home in 2011 & my cpa instructed me not to use depreciation so i would not have to pay tax on the net gain upon sale, is this correct?

[Leonard · Accepted solution]

No that is not correct.  When you are ready to sell your property, you will be subject to depreciation recapture on all the depreciation you were eligible to take (whether you took the deduction or not).  The depreciation will reduce your adjusted cost basis on your rental property.   The adjusted cost basis will be used to determine your gain or loss on the sale.