Where to find cost basis in tax return?

[Ryan Fox]

I own about 16 rental properties.  From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications.  Then there's a long wait...  Is there somewhere on my federal return where I could find this info?  TIA!

[Karolina Powell]

If you are reporting it on a schedule E (you are not taxed as a corporation or as a partnership in non-community property states) then no, there is nowhere on your tax return that shows your cost basis and your tax preparer likely doesn't know.  You would want to go back through your records and find your purchase price, your closings costs, and any improvements.  

Not that you asked, but keep in mind that when you sell, you will have to pay 25% of the depreciation back, whether you took it or not.