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Investors & landlords
@delvalle wrote:
........if the improvements were added to the house cost basis, it will be recaptured later.
Yes, when you sell and you have little choice in the matter.
Accumulated depreciation will be calculated on the depreciation deductions that were allowed or allowable (i.e., there is "recapture" even if you do not take the annual deductions).
‎October 11, 2023
11:42 AM