sjrcpa
Level 15
04-02-2023
11:29 AM
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Rental sold at a loss = no depreciation recapture. End of story.
The fact that it was at one time a personal residence or that they are in the military is irrelevant.
I don't know ProSeries and its worksheets but I think you're trying to overcomplicate this.
You can only have one personal residence at a time, and you said that is a different property; it was sold, and you have handled that.
EDIT: How do you lose money when selling property purchased in 2009, depreciated since 2011, and sold in 2022?
The more I know the more I don’t know.