- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks.
Where does it say that "The law that you reference is only for a business property that is sold"
I did not find any mention in that law that restrict the law to a business property. to the contrary, "if such property is, in the hands of the transferee, of a character which is subject to the allowance for depreciation".
in my case it will be depreciable in the hands of the transferee.
‎April 1, 2021
10:42 AM