cestmoijay
Returning Member

Investors & landlords

Hi,

When you get a chance, could you look at my situation?  I've posted it at the link below... I looked at Schedule E and have no idea where to enter the depreciation recapture (or if I even have to as I am not selling the property - just demolition of house in 2022)... not sure how I can increase the cost basis of the house or the land by including the demo cost??

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-enter-deprecia...