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Sanghamitra S.
  • Windermere, FL
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Depreciation on rental never taken- help!

Sanghamitra S.
  • Windermere, FL
Posted

Hi all,

My husband and I have a condo where we used to live for a few yrs until we rented it out in 2009. We have never done our own taxes or even looked at our tax returns before now (Very foolish, we know). And I recently came to know about depr on rental properties. So, on looking back, I find that the CPA who did our taxes in 2009 did take some depr for that yr. However, the CPAs who hv subsequently done our taxes never filed for depr.

What should I do about the yrs 2010-2015?

Also, after the lease is over on Dec 31, we are going about the process of listing it for sale in 2016.

Thanks in advance!

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