Depreciation on Rental Sale

1 Reply

hi

I'm aware of depreciation reclaim when selling my property, but how do i deal with other assets such as washer dryers and furniture? What are the differences if the asset is sold or kept for personal use? I'm using Turbo Tax if that helps.

Thank you in advance

Farak

Originally posted by @Farrakh K. :

hi

I'm aware of depreciation reclaim when selling my property, but how do i deal with other assets such as washer dryers and furniture? What are the differences if the asset is sold or kept for personal use? I'm using Turbo Tax if that helps.

Thank you in advance

Farak

 If you didn’t sell it, there is no recapture.

And assets like those would never sell at gain. When there is no gain, there is no recapture