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Investors & landlords
Sorry, I meant the property was sold on 3/19 and I am working on the TurboTax 2019.
I did all that except the 4797 only deducted the suspended passive rental, it did not recaptured depreciation for all the passed years. Besides, these recaptured depreciation is supposed to be treated as regular income? If the amount are to be included on 4797, that will be governed by capital gain rules?
much appreciated
‎January 11, 2020
5:41 PM