Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Recapture of Depreciation when taxpayer converts rental property to primary residence.

Pat M
Level 2

Recapture of Depreciation when taxpayer converts rental property to primary residence.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

7 Comments 7
Just-Lisa-Now-
Level 15
Level 15
that would occur at the time the property is sold....so printout the depreciation schedule and keep in the file for when that happens.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15

Is there a question there?  This isn't Google.  You need to provide as many specific details as possible.

 

BobKamman
Level 15

@TaxGuyBill 

You obviously lead a sheltered life and have never heard of Alex Trebek.

abctax55
Level 15

Answer IS.... no recapture on conversion.

Was this a daily double?

HumanKind... Be Both
BobKamman
Level 15

@abctax55Answer IS.... no recapture on conversion.

You lose.  Didn't state it in the form of a question.  

0 Cheers
abctax55
Level 15

Crap... I know better.  Guess Ken Jennings is safe as the GOAT.

HumanKind... Be Both
0 Cheers
TaxGuyBill
Level 15

Did the [in the form of a question]... rental activity have any assets that Section 179 was used, or any Listed Property that used accelerated depreciation?