dascpa
Level 12
04-10-2024
05:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Why would depreciation continue on a property the taxpayer doesn't own? This sounds like an installment sale in the prior year (I hope Form 6252 was filed). The property should have been disposed when sold so it should not appear this year. The installment sale for capital gain and interest income should be the only thing reported this year.