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Depreciation Recapture
In the section that deals with the sale of a home, there's one question relating to depreciation to calculate the adjusted cost basis, and then a subsequent question where it asks for depreciation after 5/6/1997. For me, there's a big different in figures. Am I able to exclude allowed depreciation that was taken pre-5/7/1997? If not, why does TurboTax ask for that?
‎July 3, 2020
4:45 PM