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

Pat M · ‎05-26-2020

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

Just-Lisa-Now- · ‎05-26-2020

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 · ‎05-26-2020

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

BobKamman · ‎05-26-2020

@TaxGuyBill

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

abctax55 · ‎05-26-2020

Answer IS.... no recapture on conversion.

Was this a daily double?

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BobKamman · ‎05-26-2020

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

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

abctax55 · ‎05-26-2020

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

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

TaxGuyBill · ‎05-27-2020

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?

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

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