topic Do I have to pay tax on depreciation I did NOT take for a home office when I sell the property? I took home office depreciation for 5 of the 10 years used as home office. in Deductions & credits

Do I have to pay tax on depreciation I did NOT take for a home office when I sell the property? I took home office depreciation for 5 of the 10 years used as home office.

buzz5 — Sat, 01 Jun 2019 04:49:34 GMT

Do I pay tax on just the actual depreciation taken?

Unfortunately, you do. The IRS says that any depreciatio...

KarenL2 — Sat, 01 Jun 2019 04:49:35 GMT

Unfortunately, you do. The IRS says that any depreciation "allowed or allowable" is to be recaptured. This means that even if you didn't take the deduction, it still has to be reported as it was "allowed" to be taken.