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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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    Dormant 1245 property for 5 years, business closed 5 yrs ago capitol gain? Must I recapture at ordinary??

    17-5
    Level 1
    ‎03-08-2021 04:48 PM
     
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    1 Comment 1
    sjrcpa
    Level 15
    ‎03-08-2021 04:51 PM

    Yes. It was depreciation claimed.

    The more I know, the more I don't know.
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