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June 1, 2019
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Do I have to pay tax on depreciation I did NOT take for a home office when I sell the property? I took home office depreciation for 5 of the 10 years used as home office.

  • June 1, 2019
  • 1 reply
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Do I pay tax on just the actual depreciation taken?
Best answer by kll

Unfortunately, you do.  The IRS says that any depreciation "allowed or allowable" is to be recaptured.  This means that even if you didn't take the deduction, it still has to be reported as it was "allowed" to be taken.

1 reply

kllAnswer
June 1, 2019

Unfortunately, you do.  The IRS says that any depreciation "allowed or allowable" is to be recaptured.  This means that even if you didn't take the deduction, it still has to be reported as it was "allowed" to be taken.