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Investors & landlords
From that total you will subtract the depreciation that *YOU* have already taken on the property while it was in the partnership.
Not at all sure this is right because the partners don't "take depreciation on the property". The K-1s show net RE income with depreciation deducted at the P-Ship level.
Maybe @Rick19744 knows how to deal with this. Reading through the posts results in kind of a mess.
‎April 13, 2022
7:35 PM