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California Rental Sale Depreciation Recapture
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dhoyt
Level 3
02-21-2024
11:45 AM
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Hi all. I have a client who had a rental property in California for many years. He stopped using it as a rental in 2017. He sold it in 2023. He is a California Non-Resident now. I've got the federal capital gains and depreciation recapture all set, but I'm not so familiar with California. Do I need to do anything to recapture the California depreciation, or is having it all taxed as ordinary income in California all that is needed? I can't find any way in proseries to deal with the recapture for California. Any help from someone expereiced in California would be appreciated. Thanks!
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