bandb
Level 3
Tuesday
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Trying to get a handle on recapture vs unrecaptured depreciation on rental building. It is SL 27.5 years. Dispositions input asks for: 1- recapture excess over SL, 2-recapture all, 3 no recapture . Not # 1, but question is it # 2 or # 3?
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George4Tacks
Level 15
Tuesday
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Why is is NOT #1? Was it 27.5 years Straight Line (SL)?
Answers are easy. Questions are hard!
George4Tacks
Level 15
Tuesday
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You might want to read https://www.irs.gov/forms-pubs/about-publication-527
When I started, all we had were paper publications. These digital ones work even better.
Answers are easy. Questions are hard!
bandb
Level 3
Tuesday
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Yes 27.5 SL was used, so #1 is out. recapture is called unrecaptured, for 1250 real estate, which is shown on Sch D. I believe the answer is #3
