- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Can I avoid capital gains on the sale of my rental property?
Posted on 8/4/21 at 9:22 am to jimbeam
Posted on 8/4/21 at 9:22 am to jimbeam
quote:
You’re still on the hook for depreciation recapture correct?
My exchange agent says yes. My neighbor who is the tax partner at a firm says no. I'm still looking into that part.
Either way, the duplex was only $28k when I bought it so the depreciation has been minimal over 8 years.
Posted on 8/4/21 at 12:29 pm to dat yat
quote:
You’re still on the hook for depreciation recapture correct?
quote:
My exchange agent says yes. My neighbor who is the tax partner at a firm says no. I'm still looking into that part.
Here's the deal.
If you swap depreciable property for other depreciable property, you don't have to deal with depreciation recapture.
If you swap depreciable property for non-depreciable property (such as land), then yes, you do need to deal with depreciation recapture.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)