Help With Depreciation Recapture

[Jim Macedon]

Could someone explain depreciation recapture to me?

Here's the specific scenario I'm thinking about.  You have a rental property for several years.  You are obviously claiming depreciation during that time.  You decide to stop renting out the property and move in.  It becomes your primary residence for two years or longer.  You sell the property.  What are all the tax implications?