Thank you very much for the replay. I'll follow your
suggestion.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

edqn[at]yahoo.com wrote:

- quote -

In all probability, your method would produce an acceptable
amount. However, your friend should have a complete
depreciation schedule, in the event he ever sells the
properties (or loses them through condemnation, etc.) You
should have your friend contact the previous accountant and
ask for a copy of the depreciation schedule. He/she should
provide this without question.

Lanny K. Williams, CPA
Nawarat, Williams & Co., Ltd.
Income Tax Services for Expatriate Americans

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I'm doing a tax for a friend .. he has a couple of rental
properties which have been rented out for approx 5 years.
Previous year returns were completed by a tax pro. He
doesn't remember the orginal date rented and building/land
value and I couldn't find the worksheet from the tax pro
except the Sched E that shows the depreciation for each
property. There's also a 4562 that shows only the total of
the depreciation. Anyway, I estimate the original dates,
calculate the improvement cost by multiplying the last year
depreciation amounts by 27.5 so that it would show the same
for this year tax. Are there any possible scenarios that the
previous year amounts were calculated in a special way that
this year amounts should be different?

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >