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Investors & landlords
The depreciation allowable should only be included in the first year- You must report any portion of the capital gain from the sale of depreciable assets that's ordinary income under the depreciation recapture rules in the year of the sale so it should not be overridden in subsequent years. Since this is applied to the first year of the Installment Sale, the other values are also adjusted accordingly.
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‎February 9, 2020
4:20 PM