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How to recapture for the rental property sale.
I inherited a house in 2020 and rented a part of the house, the rest of the house has been vacant. I sold the house in 2021. I used the TT with rental income and depreciation for 2010 income tax. I am using TT for the long term capital gain for the sale of the inherited house and depreciation. I inspect the 1040, I do not see any recapured amount. Question is how to enter the recaptured amount in what form ? Where am I doing the wrong step?
March 10, 2022
1:22 PM