3548061
You'll need to sign in or create an account to connect with an expert.
The depreciation recapture is referring to all of the depreciation that you took on the house the entire time it was used for business. So enter the total accumulated depreciation here.
Thank you. What about the recalculation using straight line method? There is box that asked for a number. Is this the remaining years depreciation, per year amount?
The number it asks for is the amount of depreciation you have already or should have claimed on the house. It doesn't care about the remaining years of depreciation.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MaryLou7
New Member
Dee98
New Member
Rathersailing
New Member
Jeff-W
New Member
marshalacy
New Member