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Get your taxes done using TurboTax
If you never claimed depreciation on your rental home, you generally will not face penalties for recapture depreciation. However, if you sell the property, any gain may still be subject to capital gains tax, but depreciation recapture rules would not apply since you did not claim depreciation. For more detailed guidance, consider reviewing IRS Publication 544 regarding sales and dispositions of property.
‎February 4, 2025
4:31 PM