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Sold a rental house in 2016 originally purchased in 1979. Does depreciation recapture start from May 6, 1997?
Purchased a rental house in 1979 for 100k and is fully depreciated. The depreciation was 100k / 27.5 years = 3.636K
so does the recapture of depreciation start from 1979 or 5/6/1997?
if it's from 1997, is it correct to state 9 years of recapture (1997 till 2016) = 32k?
Thanks
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‎June 4, 2019
1:47 PM