The TT panel for “Sale of Bus Property” “What type of property is this”: no choice for my property i.e. “real estate that I did NOT take depreciation on”
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The TT panel for “Sale of Bus Property” “What type of property is this”: no choice for my property i.e. “real estate that I did NOT take depreciation on”
posted
June 4, 201912:33 PM
last updated
June 04, 201912:33 PM
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The TT panel for “Sale of Bus Property” “What type of property is this”: no choice for my property i.e. “real estate that I did NOT take depreciation on”
That is because you are required to take depreciation. You must recapture depreciation "allowed or allowable", meaning recapture it whether you took it or not.
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