JohnB5677
Expert Alumni

Investors & landlords

There is depreciation recapture.  As you took the deduction for depreciation it reduced your cost basis. 

 

The real sticker is that you have to take a recapture of all of the depreciation whether you originally took it or not. 

 

If you did not take it you will be able to amend your returns going back 3 years.  You can still do 2017 up until April 15th 2020.

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