MDFTAX
Level 3

It is a House that they rented out from 2010-2024. Not commercial property.

Purchased as a principal residence in 2003.

Did not take accelerated deprecation. Used SL depreciation

 

I really am not sure where to place it. What section should I place the depreciation that has to be recaptured/ taxed as ordinary income.

I have done everything else on this form correctly.

 

Thanks so much in Advance

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