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Investors & landlords
Unfortunately, it's not that simple.
When you sell, any depreciation recapture will be based upon the amount that was allowed or allowable.
If you have other expenses, that figure could very well be $0 because depreciation deductions will be allowed only after all other expenses are deducted from your rental income. Once your other rental expenses reduce your rental income to $0, depreciation will neither be allowed or allowable.
May 17, 2024
8:44 AM
19,139 Views