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Depreciation Recapture
Bought our house in 1995 and rented it until 2000. Then stopped renting it, demolished most of it and renovated it. Used it as our vacation home, never principal residence. During the rental period, we did depreciate the old house. Now that we are selling the renovated house, do we have to recapture the depreciation back 20 - 25 years ago when we sell the house?
‎December 14, 2019
10:29 AM