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URL:  http://boards.fool.com/depreciation-question-10922406.aspx

Subject:  Depreciation Question Date:  6/5/1999  12:35 PM
Author:  HarpoN Number:  16027 of 121585

Situation:

- You have a rental property on which you begin taking depreciation (15 year ACRS, if it matters).

- After 5 years because of your overall income levels you are no longer required to file a tax return (independent of whether the depreciation was taken).

- Now, after several years of no tax returns this year you have to file again.

Questions:
- Do you continue using the depreciation schedule right where you left off on the last year you took the depreciation?
- Is your basis reduced only by the years you took depreciation or do you have to include all the years where you did not take the depreciation because you didn't have to file?

TIA for any light you may be able to shed.

H
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