John Van Horn
Level 2

Thank you.  

The only follow up question =    It states that you MAY have to take back some or all of the depreciation aa ordinary income

This cash     Client is filing jointly  entitled to 500K exclusion -    Gain is only 138K 

Depreciation is 30K           Gain with deprecation recapture is 130K   which is less than the 500K 

 

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