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by windalebrit
Sat Apr 25, 2020 1:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Rental Property
Replies: 1
Views: 1806

Rental Property

I purchased residential rental property in 2011 and rented it out until 2014, when it was converted to personal property. I then rented it out in 2019. No depreciation recapture was taken in 2014 because the property was not sold.

Assume $75K was the original cost basis. Do I resume taking ...