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Updated about 5 years ago,
Catch Up Depreciation
I’ve owned a rental for roughly 10 years but have never depreciated the property. I recently learned that I’ll have to "recapture" all allowable depreciation (taken or not) when I eventually sell the property, so this year I plan to do catch-up depreciation using Form 3115. Does anyone have any advice/recommendations for me? I assume I can catchup on all 10 years at once but I want to make sure there aren’t any other major considerations. Thanks for the help.