Depreciation recapture catch up

[S&D Associates]

i HAVE A CLIENT WHO NEVER TOOK DEPRECIATION ON HIS RENTAL PROPERTY (SINCE 1992). HE SOLD THE HOUSE LAST YEAR AND I WOULD LIKE TO CATCH UP IS DEPRECIATION USING FORM 3115. HOW MANY YEARS CAN YOU CATCH UP AND WHERE ON FORM 3115 DO I INDICATE THIS? WHERE DO I PUT THE CAUGHT UP DEPRECIATION ON THE TAX RETURN? I'M USING PROSERIES BASIC.

[Lion]

You catch up ALL the years. The calculation from the form goes on Schedule E as a 481(a) adjustment. See TTB 8-25 and 9-15 and the 3115 Instructions:

https://www.irs.gov/pub/irs-pdf/i3115.pdf