kuesters
Level 1
01-07-2026
08:53 PM
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Client made several improvements over the past 35 years to their rental property. $63k in improvements were never depreciated or expensed. Now they are selling the rental property. How do I record the undepreciated improvements in order to 1) increase taxpayer's basis in the property, and 2) ensure depreciation allowed or allowable is calculated in ProSeries to determine the depreciation recapture amount?
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