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Level 3
February 14, 2023
Solved

How to find accumulated depreciation?

  • February 14, 2023
  • 2 replies
  • 27 views

Is there a way to easily check accumulated depreciation. I have a client that sold a rental property after 15 years and I have been filing their taxes for 15 years with proseries. Is there a way to quicky find deprecation through the years without having to go in each year 1 by 1 in order to add back depreciation due to the sale of the property?

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Best answer by Just-Lisa-Now-


Go to the asset entry worksheet, and look for the Asset Life History button, that will show you the prior dep and you can plug it onto the line for Prior Dep on the asset entry worksheet.

2 replies

Level 10
February 14, 2023

You must have the information in your file.

couldn't have done year 2 without the correct accumulated from year 1,

Look at your depreciation reports for the last completed year, you should be able to find something there

Just-Lisa-Now-
Intuit Community Champion
February 14, 2023

You should have a depreciation report for each rental, it will show current and accumulated depreciation.  Look at your forms in use list

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TSW Author
Level 3
February 16, 2023

The actual building being depreciated for 27.5 years does not show prior depreciation. 

IRonMaN
Level 15
February 16, 2023

Trust me it's there.  Did you look at the actual depreciation schedule that Lisa referenced?

Slava Ukraini!