Depreciation Recapture on Land Sale Contract
Hi All:
I am buying a property on a land sale contract. The seller will retain title. Does the seller need to pay depreciation recapture in year 1?
Thanks,
Robbie
Hi All:
I am buying a property on a land sale contract. The seller will retain title. Does the seller need to pay depreciation recapture in year 1?
Thanks,
Robbie