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Get your taxes done using TurboTax
It is what it is. The depreciation recapture rate will apply only to 12-14 years rather than 27.5 years. For a full discussion on depreciation recapture see HERE. Chapter 3, Pg 27 Also HERE Chapter 3, Pg 22 and HERE Notice 2013-59.
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March 1, 2023
12:10 PM