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Level 2
June 4, 2019
Question

Do I have to pay depreciation recapture tax on a section 1250 rental property I owned for 7yrs (sold for a loss)? I took straight line depreciation for the entire 7yrs.

  • June 4, 2019
  • 1 reply
  • 20 views
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1 reply

June 4, 2019

Yes. You always have to recapture depreciation.

Level 2
June 4, 2019
I read on a couple tax websites including IRS that if you take straight line depreciation on a section 1250 property and take a loss, you dont have to pay depreciation recapture tax.
Trying to confirm or clarify. Are there any circumstances where you don't pay recapture depreciation tax??
Thanks