"Then on top of that, you will still probably pay some tax on the depreciation. When you rented the house you were entitled to take depreciation, and when you sell you have to pay that back (pay a recapture tax) if you sell the house for more than the depreciated value. "
-)What is a depreciated value?
-) even if I already reported all taxable rental income every year (for 3 years), when sold a house, I have to pay for depreciated tax ( is it same as a recapture tax?)
Sorry,..too many questions,.,,
