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Investors & landlords
@Carl wrote:
Depreciation recapture is required by law when any one of two things happens in your life.
1) You sell or otherwise transfer the property to another.
2) You die.
If a taxpayer owns the property individually, and in severalty for example, previously accumulated depreciation disappears at death; there is no recapture.
‎September 7, 2020
6:47 PM
28,337 Views