@decogeek wrote:
@AmeliesUncle ,
I am planning to recapture my half of the depreciation between 1990 and Sept 2009. The other half which belongs to my late husband, just goes away and doesn't have to be reported to the IRS or anything, correct?
From Sept 2009 until the sale date, I will recapture 100% of the depreciation. Is that what you meant?
Also, can you look at the additional information I sent to Diane about the basement and see if that changes the answer to question #1 at all? I really appreciate you trying to clarify for me. There are a lot of confusing issues!
Correct.
Any depreciation that was taken or that you were eligible to take (not including your husband's portion before he died), will be subject to tax if it is sold at a gain. No other details matter about that.
