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Get your taxes done using TurboTax
To clarify the recapture of the depreciation is just on the part that was being rented and not the entire home right? So basically if one took the accumulated depreciation from Schedule E, that would be an approx number to use to calculate the depreciation recapture tax (i.e. 25% of that number if the room was rented for more than 1 year)?
‎July 9, 2024
4:56 PM