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Investors & landlords
the depreciation you didn't take is relevant. you have to recapture it even though you didn't take it. that's the law. do you want to pay takes on income generated by a deduction you never took? if you feel you can properly prepare the 3115 and reporting on your 1040 go for it. however, I would suggest using a pro considering how much was involved.
‎January 8, 2023
6:21 PM