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Updated about 10 hours ago,
Cost segregation recapture on a teardown property
First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR for the last two years. And right now, I am going to tear it down in 2025 and build a new house as my primary home. My question is do I have to recapture all the depreciation for tax in 2025?
Thank you