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Updated over 4 years ago,
Taxes and a rental I moved back into
I have a house that was my primary residence, I moved out of it for about ten years and rented it. I moved back into it last year and my CPA says I have to pay taxes on the depreciation I took the years it was a rental. I disagreed and said I didn’t think they did depreciation recapture until I sold it and that even then if I’d lived in it two of the last five years I wouldn’t even owe that. She disagreed and said I was selling it to myself and that I had to pay taxes on it. This doesn’t even sound close to right to me. Anyone know for sure? Thanks