Depreciation Recapture
Moderator: Mark T Serbinski CA CPA
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maddiewonders
- Posts: 2
- Joined: Tue Jul 30, 2024 3:50 pm
Depreciation Recapture
I moved to the U.S. on a TN visa in April 2020 and rented out my principal residence in Canada, which I purchased in August 2018. I claimed depreciation on the property in the U.S. from 2020 until 2023. Now that I am moving back to Canada and reoccupying my principal residence, and I will be filing a dual-status tax return in the U.S., will I be subject to depreciation recapture even though I haven't sold the property?
Re: Depreciation Recapture
No. Recaptuew would only occur when selling, but you won't be filing a US return when you sell, so there is no worry.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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WernerRider
- Posts: 3
- Joined: Tue Feb 27, 2024 3:31 pm
Re: Depreciation Recapture
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