Shirley79
Level 4
10-27-2024
09:26 AM
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I sold my house in April, 2024 and had used the office in the home deduction for 18 years. I reinvested in a co-op which cost much less than my home sold. I have read on some tax blogs that depreciation recapture can be avoided and used as part of the sale of home $250,000 exclusion. The software is recapturing the depreciation taken for 18 years including a full year's depreciation for 2024.
Your thoughts are appreciated.
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