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jimandjane
New Member

Can I use a long term loss from a sale of farmland to off set the depreciation recapture from the sale of rental property?

 
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PaulaM
Expert Alumni

Can I use a long term loss from a sale of farmland to off set the depreciation recapture from the sale of rental property?

Yes, depreciation recapture can offset other capital losses.

https://www.irs.gov/pub/irs-pdf/p544.pdf

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PaulaM
Expert Alumni

Can I use a long term loss from a sale of farmland to off set the depreciation recapture from the sale of rental property?

Yes, depreciation recapture can offset other capital losses.

https://www.irs.gov/pub/irs-pdf/p544.pdf

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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