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Get your taxes done using TurboTax
Hi Golfer55. Thank you for joining us today.
Unfortunately, yes any depreciation allowed of allowable to take as a deduction would be subject to recapture. This even applies if you wife chose not to take any depreciation in a given year.
Depreciation of rental properties is calculated using the straight line, mid month method over 27.5 years.
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‎November 15, 2023
2:00 PM