We own a mult-family building. We live in 1/2 of the building and the other half is divided into two apartments. We have regularly rented the apartments for many years. Soon we will have depleted the 27 year depreciation. If we choose to sell the building, after fully depreciating 1/2 of it from the original basis how does that affect capital gains and taxes? Suggestions for specific documents from IRS might be helpful. Any advice is welcome.
