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Get your taxes done using TurboTax
It depends. That number is from depreciation recapture from the sale of depreciable property from your previous year sale. Did you take depreciation in the asset that you sold before your sold it?
Refer to the TurboTax article Depreciation Recapture: Definition, Calculation, and Examples for more information.
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March 19, 2025
11:15 AM