John Van Horn
Level 2
10-11-2022
03:24 PM
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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