TaxGuyBill
Level 15
04-02-2023
02:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Most of the discussion is on this thread:
The depreciation lowers your Basis. So if it sold for more than the Adjusted Basis, you have a gain. So yes, the depreciation is entered on the Home Sale worksheet and yes, gain due to the depreciation is taxable.