- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Is there anywhere on the 4797 form that I have to account for the old section 179 depreciation taken on appliances? (no longer in service)
Does the IRS add up all the different types of depreciation taken over 30 years? Do they expect the numbers to add up to your recapture when you sell? What if the numbers don't add up due to appliances taken out of service, or stepped-up basis, or whatever else?
March 21, 2021
4:20 PM