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Investors & landlords
If you sold at a gain, then you must show a gain on each individual asset. Doesn't matter if that gain is a million dollars on some assets, and only one dollar on other assets.Period.
If you show a gain on some assets and a loss on other assets, then the depreciation recapture will "NOT" be correct and your form 4562 will be wrong.
‎January 15, 2022
11:25 AM