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Yes, a gain from the sale of depreciable real property, or depreciation recapture, starts on the Form 4797, then flows to the Schedule D with your other capital gains and/or losses. There they will be netted before being carried to the 1040 with your other taxable income.
This would be due to straight line depreciation that was required since 1986. 1250 Gain Information
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‎January 29, 2025
9:43 AM
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