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Get your taxes done using TurboTax
You should take the depreciation on the rental house for as long as it was a business venture.
The IRS will ding you for the depreciation recapture, whether you take the depreciation or not. Depreciation recapture is for depreciation "allowed or allowable", so you should take the benefit of the depreciation.
When you enter the sale of the house in TurboTax it will take you through the process. Answer the questions carefully.
You can find out more information about entering the sales data here. You can find out more about depreciation on a rental property here.
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‎February 2, 2020
11:01 AM
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