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recapturing depreciation rental property
I bought a property in 1998. In 2010 I moved out of state and could not sell it so I rented it. I have depreciated it over the years and sold it in 2021. I need to know if or how to recapture this depreciation when filing this year. I entered everything it asked me to, but I do not see a recapture of depreciation on there. I am worried as I sold a rental property back in 1997 with a similar situation and ended up paying over $8000 in taxes including penalties and interest for not recapturing the depreciation and I do not want to end up paying penalties and interest again. I want to pay everything up front when I file this year.
March 10, 2022
1:07 PM