I sold the property at a loss (except when I added in depreciation), so I'm hoping the "recapture" is only capital gains?
You'll need to sign in or create an account to connect with an expert.
Taxed as ordinary income. Is the depreciation you claimed - which was deducted against ordinary income.
Taxed as ordinary income. Is the depreciation you claimed - which was deducted against ordinary income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
KausBose
New Member
knownoise
Returning Member
Richard137
New Member
jwflynn
Level 1
valleybuy
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.