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Updated almost 8 years ago,
Depreciation distribution rules
I own a property that showed a small loss for this tax year.The reason for this loss was due to depreciation.My question is how or what do i do with the money that is in the bank which represents the depreciation amount.Can I distribute it to the members (3 of us) .Any rules I need to follow .Is it considered a distribution or a return of capital or neither.