MDFTAX
Level 3
04-06-2025
11:13 AM
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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