All Forum Posts by: ANDREA LOGAN

Thank you so very much Michael!  You have been extremely helpful!    

Thank you!!!  In determining the ordinary rate recapture,  is depreciation calculated on the straight-line method over the life that currently applies to that asset?  Actual Life was 18 under Pre-87 rules and would have been 27.5 under current rules?  

Would there by depreciation recapture to be taxed at ordinary rates with the Building purchase date of 3/1/1985 and depreciated over 18 year life?  Of course, fully depreciated now. 

I have a potential sale in 2018 of commercial rental real estate consisting of a building and land.  The date of acquisition of the building and land was 3/1/1985.  The building is fully depreciated, and I am confused on 1250 gain recapture.  

I have read an article written by Michael Plaks that was extremely helpful and just need a little clarification as to my understanding on this topic.

Thank you in advance!