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Get your taxes done using TurboTax
That's very helpful, thank you!
I agree with your interpretation of "permanent components". In real estate sales, anything attached to the home conveys with the property, unless specifically excluded in the contract. But, one of the other replies suggests that anything that isn't depreciated at 27.5 years would be Section 1245. Do you have any thoughts on that?
‎September 23, 2023
2:29 PM