- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Opus 17, one more thing to point out so that it's clear. If, at any time, you have taken depreciation on the house, then no matter what, you WILL pay taxes on the recaptured depreciation. Recaptured depreciation is NOT excluded from taxation under any circumstances or scenario. So if the property was a rental, or you claimed a home office or business use of any part of the property, you have depreciation that you recapture on the sale, and pay tax on.
‎June 7, 2019
2:57 PM