Updated over 5 years ago on .
Most recent reply
presented by
How to get around depreciation tax when selling rental property
Looking into the future here, doing taxes now. Wondering if it’s worth claiming depreciation now
Most Popular Reply
The IRS assumes you took depreciation (over 27.5 years on a rental property). Therefore, it is REQUIRED for you to recapture said depreciation when you sell, whether or not you actually took the depreciation. In other words, not taking depreciation is a gigantic mistake, and will cost you a lot of money.
*Note: I am not a CPA, and would highly recommend hiring a CPA. And if this rule has changed, I welcome a CPA to correct me on this.