Form 4562 Depreciation of Residential Rental and Basis for 2nd Year

In Form 4562 Depreciation and Amortization, for residential real property under MACRS depreciation on line 19h, is the basis for depreciation (column c) for year 2 reduced by the amount of the depreciation deduction claimed for year 1? For example, if the basis for depreciation was originally reported as $50,000 for year 1, using IRS Table C for General Depreciation System, S/L, M/M, 27.5 yrs. (using month 1), the depreciation deduction for year 1 is 50,000 x 0.03485 = 1,743. My question is, when reporting for year 2, should I multiply the 2nd year's rate (0.03636) by the same $50,000 or by $50,000 - $1,743 = $48,257? I would really appreciate any advice on this. Everything I've seen discusses only how to report for the first year.

Doublecoin,

Use the $50,000 (original basis). The depreciation % for the 27.5 years in the table will bring your value down to zero at the end of the depreciation period.