I think this shows I’m going to need a tax accountant to help tackle this one. The question I’m still unclear about is:Let’s assume the sale of the property occ...
Does this mean depreciation affects us twice? In your example depreciation makes our profit 1400 instead of 1000, which will affect amount of long term gains? D...
Thanks, this is helpful. So if I understand correctly, the depreciation recapture gets subtracted from “profit”? Is the entire recapture subtracted, or just the...
