This is what I was talking about and what I plan to do as I don't want to have to go back through 13 years of taxes to calculate the depreciation! Thanks 🙂
Sorry, but this is confusing. The form has columns literally titled current and prior depreciation! How is this not depreciation from current and accumulated de...
I need more of an explanation here.So the depreciation was $15000 but the gain was $55,000 would you have to pay taxes on all $55,000 or just on the $15,000 dep...