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Level 4
December 7, 2019
Solved

How do you recapture the depreciation of rental property building-condo sold in 2018ndo on 2/2018?

  • December 7, 2019
  • 1 reply
  • 15 views
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Best answer by TaxGuyBill

When you enter the sales information on the Asset Entry Worksheet, the program should calculate the proper tax, including the tax on the gain from the depreciation.

1 reply

Level 15
December 7, 2019

When you enter the sales information on the Asset Entry Worksheet, the program should calculate the proper tax, including the tax on the gain from the depreciation.

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019
Bill have you run across any asset entry worksheets that the Prior Depr is missing? I find them randomly in my clients, I use the asset life history to fill in the blank spot, its really random though, Im wondering if there was a transfer bug multiple years ago that this info didn't carry over.
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