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Investors & landlords
I'm sorry, I neglected to say that I never made a profit off of the sale. I purchased for $175,000 and sold for $175,000. Do you have to make a profit to be taxed on depreciation recapture? I had found an example that said you didn't if you sold at a loss, but was wondering about neither profit nor loss. Kind of a wash situation.
‎February 16, 2021
1:17 PM