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Investors & landlords
No, not if you sold the farm for a loss. Depreciation recapture comes in to play when you sell depreciated assets for a gain. To the extent that there is a gain, the gain is taxed as ordinary income up to the amount of the accumulated depreciation, and the remainder of the gain is capital gain. Since you sold at a loss, depreciation recapture wouldn't come it to play.
‎June 3, 2019
11:37 AM