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rkjwwh2o
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Where can I find the basis in the tax returns for the rental property that was depreciated in Form 4562 when no basis shows in Section B?

I have used Turbo Tax for many years.  It used to provide the basis of rental property.  I cannot find it on the returns for 2016 or 2015. Where would I find it?

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2 Replies

Where can I find the basis in the tax returns for the rental property that was depreciated in Form 4562 when no basis shows in Section B?

When you save your tax return as a pdf did you ask it to save all reports and worksheets? If so, open the pdf file saved for 2015 and look for the deprecation report. This report has all the assets listed with their basis, etc.

Where can I find the basis in the tax returns for the rental property that was depreciated in Form 4562 when no basis shows in Section B?

Go to Business tab:

Business Income Expense - Update

Edit business

Scroll down to Business Assets - Update

Answer yes to : Go to Asset Summary

All assets should be listed and the edit button allows you to make changes.
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