Dear Hal_Al,
I am with you and totally follow your instruction with respect.
I reported 1 item of Section 179 deduction (which $1100 treated as expense with $0 depreciation) in 2018 tax return. When I calculate the cost basis for home sale in 2019 tax return, do I need to subtract this $1100 from the cost basis? In other words, for recapturing the depreciation, is this $1100 considered depreciation. Or it is irrelevant to the depreciation?
Pardon me. I'll also post this question as a separate subject line (Is Section 179 deduction considered depreciation when calculating home sale cost basis). So other people get benefit from your response.
Thank you so very much,
Maureen
