Pat M
Level 2
‎05-26-2020 02:12 PM

Recapture of Depreciation when taxpayer converts rental property to primary residence.

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Just-Lisa-Now-
Level 15
Level 15
‎05-26-2020 02:28 PM
that would occur at the time the property is sold....so printout the depreciation schedule and keep in the file for when that happens.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
‎05-26-2020 02:30 PM

Is there a question there?  This isn't Google.  You need to provide as many specific details as possible.

 

BobKamman
Level 15
‎05-26-2020 02:40 PM

@TaxGuyBill 

You obviously lead a sheltered life and have never heard of Alex Trebek.

abctax55
Level 15
‎05-26-2020 07:35 PM

Answer IS.... no recapture on conversion.

Was this a daily double?

HumanKind... Be Both
BobKamman
Level 15
‎05-26-2020 07:41 PM

@abctax55Answer IS.... no recapture on conversion.

You lose.  Didn't state it in the form of a question.  

0 Cheers
abctax55
Level 15
‎05-26-2020 07:42 PM

Crap... I know better.  Guess Ken Jennings is safe as the GOAT.

HumanKind... Be Both
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TaxGuyBill
Level 15
‎05-27-2020 09:05 AM

Did the [in the form of a question]... rental activity have any assets that Section 179 was used, or any Listed Property that used accelerated depreciation?