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Investors & landlords
@Mike9241 wrote:
@Anonymous_ i thought if you expense using safe harbor there is no depreciation recapture.
Read the Reg I cited, @Mike9241. The sale basically results in ordinary income (i.e., it is technically not even recapture, it is ordinary income not subject to self-employment tax but there is no 25% cap; it is taxed at ordinary income tax rates).
‎August 29, 2022
5:32 PM