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Recapture depreciation on sale of rental
I sold my rental of 8 years in 2023. I enter the information on the business section "sale of business property". But, TurboTax doesn't automatically recapture the depreciation of $32K that I claimed over the 8 years. It did everything else correctly by calculating my capital gain. Can someone walk me through the process, with screenshot if possible.
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March 24, 2024
5:50 PM