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dhnovacek
New Member

When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

 
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When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

It isn't.  It is used to determine the adjusted basis for the property (as a subtraction).

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3 Replies

When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

It isn't.  It is used to determine the adjusted basis for the property (as a subtraction).

dhnovacek
New Member

When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

Where is it to be shown a subtraction?

When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

Look at Form 4797, page 2, line 23.

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