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Dormant 1245 property for 5 years, business closed 5 yrs ago capitol gain? Must I recapture at ordinary??
17-5
Level 1
03-08-2021
04:48 PM
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Lacerte Tax
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Cheers
sjrcpa
Level 15
03-08-2021
04:51 PM
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Yes. It was depreciation claimed.
The more I know the more I don’t know.
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Cheer
