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Investors & landlords
@Critter-3 wrote:If the installment sale was of depreciable property, then the depreciation recapture is taxed in the year of the sale;
As I noted above, the tax based on the gain of the depreciation of a home (Section 1250 property) is NOT "recapture". It is "Unrecaptured Section 1250 Gain", which is NOT taxed in the year of the sale.
‎August 5, 2020
12:05 PM
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