ndoddea
Level 1
12-07-2019
08:06 AM
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Rental building never was depreciated and is selling. I will have to recapture depreciation so can I correct the return to show the depreciation not taken sinece I will be recapturing it on the sale?
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TaxGuyBill
Level 15
12-07-2019
08:06 AM
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You need use Form 3115 (code "107") to 'catch up' on the depreciation that was never taken.
