Does Tax Advisor calculate depreciation recapture if a taxpayer sells rental property?
Hello, and thank you for your feedback! currently depreciation recapture can be entered under the section Investment Income. There is not a section to report the sale, the depreciation recapture would need to be entered.
Would think that Tax Advisor would calculate depreciation recapture upon the sale of a rental property. Current version of product doesn't offer the level of sophistication necessary for a comprehensive tax plan for clients.
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