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Get your taxes done using TurboTax
@Sunny2August wrote:(1) Will the depreciation of furniture be included in the total depreciation for depreciation recapture even though the furniture was discarded long time ago and was not included in the cost basis?
When you discard (scrap) a depreciable item, there is no recapture.
‎February 20, 2022
10:57 AM
2,870 Views