How do I find the Depreciation Allowed or allowable on prior returns (line 10) for a home I sold?

Depreciation allowed or allowable can be found on IRS form 4797 page 2 Part III line 22.

There have been few changes to this form through the years.

I am not sure what the reference to (line 10) means.

The reference to Form 4797 Part III Line 22 instructions is very complicated and hard to follow.

TurboTax will help you figure out the calculation for Form 4797, part III Line 22.  The calculation is done by adding the following:

• allowed or allowable for depreciation amortization, depletion, or pre-productive expenses
• section 179 expense deduction
• commercial revitalization deduction for buildings placed in service before 2010
• downward basis adjustment under section 50(c)
• deduction for qualified clean-fuel vehicle property or refueling property
• Deductions claimed under sections 190, 193, or 1253 (d)(2) or (3)
• basis reduction for any qualified plug=in electric or qualified electric vehicle credit
• basis reduction for the employer-provided childcare facility credit
• deduction for qualified energy-efficient commercial building property
• basis reduction for the alternative motor vehicle credit
• basis reduction for the alternative fuel vehicle refueling property credit for property placed in service before January 1, 2022

Then a subtraction of the following:

• investment credit recapture
• section 179 or 280F recapture amount included in gross income in a prior tax year because the business use of the property decreased to 50% or less
• any qualified clean-fuel vehicle property or refueling property deduction you were required to recapture
• any basis increase for qualified plug-in electric or qualified electric vehicle credit recapture
• any basis increase for the recapture of the employer-provided childcare facility credit
• any basis increase for the recapture of the alternative fuel vehicle refueling property credit
• any qualified disaster expense recapture

If using TurboTax Desktop, you can find the calculation by completing these steps:

1. Click Forms in the right-hand corner
2. Click Form 4797
3. Scroll down to Part III, line 22

@vintel