If I sell a rental property, where do I get the depreciation amount? Is it the total depreciation I was allowed to take over the years I rented it? Where would I find it

[DianeW · Accepted solution]

Yes, the total depreciation that was allowed or allowable on your tax returns from the beginning with the first month the property was used as a rental.  If the accumulated depreciation is not part of your TurboTax return you can calculate it very easily.

Starting with the year and month placed in service you can add the rates for each year together for the number of years this has been a rental property.  This result can be multiplied by the cost basis which will give you the accumulated depreciation.

The chart attached will provide the percentage for all years, just click to enlarge and view for assistance.