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Investors & landlords
Yes, the IRS says that the depreciation 'allowed or allowable' would be recaptured.
Remember, if you rent out only 10% of the square footage of the home, the depreciation and recapture only applies to that 10% of the home that was rented out. In this example, the IRS considers the remaining 90% your personal residence.
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ā€ˇFebruary 11, 2020
11:57 AM