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October 12, 2024
Question

Must you take depreciation when you have home rental?

  • October 12, 2024
  • 1 reply
  • 0 views

I have a rental home that I am looking to sell next year so I will need to pay back depreciation recapture. Are you required to take depreciation every year if you already start taking it for multiple year? If not, is it possible to go back and amend 2023 taxes?

1 reply

Employee
October 12, 2024
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