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Investors & landlords
You will need to report all Section 1250 depreciation recapture.
Keep in mind that this isn't necessarily a separate tax. This is used in determining the tax rate for this recapture depending on other factors in your return.
Also keep in mind, that while you may have not "used" all of the depreciation in a specific year as a result of the passive activity rules, any suspended or carried over losses will be utilized in your return in the year you have a complete disposition.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 9, 2021
7:28 AM