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Get your taxes done using TurboTax
OK, I understand not depreciating when property is out of service.
How does recapture work? I valued the work portion of my home at $74K and have taken accumulated depreciation of $30K. Will the $30K be taxed as income when I sell the house, or will it just be subtracted from the total basis of the house, or will something else happen?
‎January 26, 2022
12:28 PM