Skip to main content
Level 5
December 2, 2024
Question

Trust depreciation recapture

  • December 2, 2024
  • 1 reply
  • 0 views

Who pays the depreciation recapture?   The trust or the beneficiary?  
is it dependent on who got the depreciation deduction?   

1 reply

M-MTax
Level 15
December 2, 2024

is it dependent on who got the depreciation deduction?   

Yeah but who sold the property? Depreciation follows income.


 

Level 5
December 2, 2024

The trust sold the property but gave the recapture to the beneficiaries

 

Level 5
December 3, 2024

Trust kept all the depreciation.  
recapture was distributed to beneficiaries.