Investors & landlords

To clarify this for other readers:

The comment "You only recapture the depreciation that was "actually" taken. Period." is not accurate.

An individual could  take an incorrect amount, which is less than allowable, and in this case, the taxpayer would need to recapture the allowable amount regardless of whether it was actually taken on the tax return.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.