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T
Twaxpool56
Level 2
March 2, 2022
Question

GAIN ON SALE OF RENTAL PROPERTY

  • March 2, 2022
  • 2 replies
  • 16 views

Client sold a rental property.  Do I include the accumulated straight line depreciation of the building in the gain of the sale?

This topic has been closed for replies.

2 replies

GodFather
GodFatherIntuit Community Champion
Intuit Community Champion
March 2, 2022

This may help some.  

https://learn.roofstock.com/blog/rental-property-depreciation-recapture

    T
    TaxGuyBill
    Level 15
    March 2, 2022

    Fill out the Asset Entry Worksheet, and it should report things correctly.

     

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