Total depreciation for sale
I sold a rental that I lived in and then converted to a rental….so the cost basis is on my original purchase amount and not the fmv I entered at conversion which TurboTax depreciates off….so I am doing special handling and reporting the sale under the “sale of business property” option….they want the total depreciation to enter…..so for “special depreciation allowance” items I have on my assets list I include the full amount i took in the year I placed it in service? Basically all the deprecation I have claimed in past years ? Special and bonus and the multi year items.?