- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I’m still confused! This is a rental property- not my home. I claimed $43k in depreciation since 2011. The property was sold in December 2020. Are you saying I don’t have to show ( recapture) this deduction as ordinary income? Again, the property was sold with an installment contract - $20k down - remainder due by June 2021.
March 18, 2021
10:32 AM