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Yes, you are required to take depreciation, even though you income level forces a carryover of your loss. Whether you take it or not, you will have to recapture the amount of depreciation allowed or allowable upon the sale.
Yes, you are required to take depreciation, even though you income level forces a carryover of your loss. Whether you take it or not, you will have to recapture the amount of depreciation allowed or allowable upon the sale.
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