momma1
Level 3

What forms are used to recapture depreciation form a rental unit that has been sold. Also is capital gain calculated on the value of the unit at the time of sale or the listed cost of rental unit that was used in depreciation calculations on Schedule E.  New Client would like to pay estimated tax on possible capital gain before end of tax year.  Please advise on how to calculate and forms to be used to  achieve these calculations.

Thank you

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