tax consequences of depreciation recapture

[David M.]

I wanted to ask the forum for their two cents on depreciation recapture for residential property, I believe its formally section 1250.  If you follow the straight line depreciation for 27.5 years and no accelerated depreciation, is there any "depreciation recapture" when you file you taxes after you sell the property?  For example, let's say I purchase a residential property for $100k and for sake of argument the improvement portion is 27.5k.  I rent it out immediately for 10 years and then sell it.  Is my depreciation on form 4797 now $0 or $10k?  or similarly, is the cost basis $100k or $90k (again, for the sake of the argument, lets ignore all the other factors that affects cost basis).  Thanks.