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Get your taxes done using TurboTax
@newuser9 wrote:I understand even if its converted in to a personal property they still need to pay the depreciation recapture.
If they merely convert it to personal use, they will not have to recapture depreciation at that time; only when they actually sell the property to an unrelated third party in a taxable transaction.
‎September 15, 2022
7:43 PM
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