- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can depreciation recapture upon selling an investment property be offset by a separate charitable contribution (that's so large I won't otherwise be able to use it all)?
I made a charitable contribution valued at $900,000 last year that I will never be be able to fully use within 5 years given my relatively low taxable income. However, I have a few rental properties that I have been depreciating for several years. If I sell one of them, will the otherwise unused charitable contribution deduction kick in to offset the depreciation recapture taxes?
Topics:
‎October 3, 2020
7:55 AM