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Business & farm
ok - so then the calculation would be as follows:
Cost basis $29,360 purchased 3/2019 - straight line depreciation would be $5872 per year for 5 years.
Through 2021 I've taken depreciation totaling $13,351. Using straight line calculation through 2021 depreciation would be $17,616 so no recapture due, correct?
‎January 26, 2023
3:48 PM