How to find accumulated depreciation?

[TSW]

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?

[jeffmcpa2010]

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-]

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

[TSW]

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

[IRonMaN]

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

[sjrcpa]

Odd.

So you get to go through 15 years of tax returns or just compute it. 

[TSW]

[Just-Lisa-Now- · Accepted solution]

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.

[TSW]

Thank you very much. 

[TaxGuyBill]

You said they sold their rental after 15 years, but your "placed in service" date shows much more than 15 years.

When you first entered the asset in the first year they were your client, if you did not enter the "prior depreciation" then, that report won't show the "prior depreciation" because it doesn't know what happened before you had the client.

[rbynaker]

I would also be concerned that there was no amount entered for land.  So either there's basis in land somewhere else (which is fine, it doesn't get depreciated so technically doesn't need to be on a depreciation schedule) or the basis might not have been properly allocated.  Either way sounds like you have some homework to do!