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Updated over 6 years ago on . Most recent reply

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Randy Smythe
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Depreciation Recapture when selling mid year

Randy Smythe
Posted

I rented my home in CA for one year (mid-year 2017) so I took half a year's depreciation last year and "planned" on taking the other half this year. I have since decided to sell my home this year because the market in my area is so good. When doing 2018 taxes do I still claim depreciation for half a year only to recapture this year with the sale of the house. Doesn't make sense to me that I would do that; shouldn't it just be a wash for 2018. Any help is appreciated. Thanks

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