I rented a room in my living space for which I was forced to take depreciation according to IRS. How do I recapture that depreciation (form and line number, instructions if any will be helpful.
Pub 523 states that
If you used all or part of your home for business or rental after May 6, 1997, you may need to pay back ("recapture") some or all of the depreciation you were entitled to take on your property. "Recapturing" depreciation means you must include it as ordinary income on your tax return.
I know I dont have to fill the form 4757 as I didn't do this
If you made separate gain/loss calculations for business and residence portions of your property,
you may have to use Form 4797 to report the sale of the business or rental part. See Business or Rental Use of Home , earlier.
