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Updated over 3 years ago, 04/24/2021
Depreciation recapture when a) none claimed and b) sell at loss
I’ve searched the threads and tried to read up on this.
I have to sell because of a divorce.
I bought In 2018, depreciated on taxes but made too much to deduct
I realize I’ll have to pay 25% on depreciation recapture but I won’t make this money back on capital gains
- is this just the breaks? Or can I deduct the deprecation loss elsewhere?