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Level 2
posted Apr 10, 2023 4:34:21 PM

unrecaptured section 1250

Your unrecaptured section 1250 gain will be the lesser of the following amounts:

- your gross profit on the property
- the amount of depreciation you took on the property

 

Given that I did a 1031 exchange on a rental property, should I use the depreciation for 2021 ONLY or all Depreciations of all the years past? 

 

0 1 527
1 Best answer
Level 15
Apr 11, 2023 12:14:51 AM

all depreciation taken. with a 1031 there is no recapture unless boot is involved. 

1 Replies
Level 15
Apr 11, 2023 12:14:51 AM

all depreciation taken. with a 1031 there is no recapture unless boot is involved.