☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 11:37:27 AM

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

0 1 921
1 Best answer
Employee Tax Expert
Jun 5, 2019 11:37:28 AM

Yes, depreciation recapture can offset other capital losses.

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

1 Replies
Employee Tax Expert
Jun 5, 2019 11:37:28 AM

Yes, depreciation recapture can offset other capital losses.

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