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Glowwell
Level 1

Why is my rental property gain and sale of business property different?

I have a gain of 90,000 on a rental property sale but in the less common business situations section - sale of business property they say  105,000. What could account for this 15000 differential?

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‎June 5, 2019 11:28 PM
last updated ‎June 05, 2019 11:28 PM
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KrisD
Intuit Alumni

Why is my rental property gain and sale of business property different?

You may need to include recaptured depreciation. 

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‎June 5, 2019 11:28 PM
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KrisD
Intuit Alumni

Why is my rental property gain and sale of business property different?

You may need to include recaptured depreciation. 

‎June 5, 2019 11:28 PM
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