Re: Capital loss carryover and home office depreci...
Employee Tax Expert

Deductions & credits

Yes, because the depreciation recapture is reported as a capital gain.  Recaptured depreciation is taxed at a maximum rate of 25%, instead of the top rate of 15% for long-term capital gains, plus applicable state income taxes. Report this recaptured amount on Schedule D (Capital Gains and Losses), not Form 4797 (Sale of Business Property).

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