RobertB4444
Expert Alumni

Investors & landlords

@JJ548  You took depreciation from 2003 to 2016 and got tax breaks for it all of those years.  You need to recapture the full amount of the depreciation that you took.  

 

Your cost basis should be what you actually paid for the property that you are selling plus the cost of the improvements to that property.  

 

 

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