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Investors & landlords
Nope, NO RECAPTURE of depreciation taken on the demolished house!
The house was demolished so it's value was $0.....it was not sold or disposed of.....it was demolished.
This isn't any different than if you bought a computer for your business and threw it away after it was fully depreciated.....basis is $0 but so is what you got for it which is also $0.
‎December 15, 2021
8:06 AM