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Deductions & credits
I sold my farm that included my home - the farm buildings were fully depreciated years ago but I have no idea what that amount was - how can I report depreciation to recapture? I have 499,100 invested in both home and farm and sold for 388,000. House alone was valued at 275,000 and remaining to farm buildings that were poultry houses. The home and poultry houses were built in 1983 so the useful life of the poultry houses is over. Any assistance? Thanks in advance.
‎April 7, 2022
7:25 AM