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Investors & landlords
Marilyn, Thanks for the info. I asked about the period from May 1997 to 2000 because there is an exclusion recapture shown on the second sheet, Part IV Exclusion, line 30 on "Home Sale Worksheet". I recall there was something about the period after May 1997 being taxed at a different rate or something. So that is why I entered the portion of depreciation from that period here. If I look at the 1250 sheet, it shows any depreciation reported under this exclusion is offset by any long term loss carryover or short term loss. Is that correct?
‎January 21, 2020
4:08 AM