Investors & landlords


@foco wrote:

But it is my understanding that i need to  pay the depreciation recapture for the sale on my 2021 taxes. Turbo tax either wants to include both the gain and the depreciation or neither.,


 

It is unlikely that you have any "recapture" that is required to be reported in the year of the sale.

 

For real estate, "recapture" is based on depreciation in excess of straight line. 

 

But almost all real estate depreciation is straight line depreciation, so that results in "Unrecaptured Section 1250 Gain".  That is NOT immediately taxed in the year of the sale of an Installment Sale.