billr617
Level 3

Single client owned a 2 family (1/2 rental) for 30 years. Stopped renting 5 years ago and left rental unit empty. I have deprecaiton schedule up to the period when she stopped renting. Sold property in 2022. How do I get the program to recapture the depreciation taken while a rental? If I enter  the amount of depreciation taken  on home sale worksheet, it doesn't seem to tax it at the 25% rate, simply lowers the basis.  Any help is appreciated!

0 Cheers