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June 4, 2019
Solved

When selling a rental property, why is depreciation taken in past years added to the TOTAL SALES PRICE?

  • June 4, 2019
  • 1 reply
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Best answer by Zbucklyo

It isn't.  It is used to determine the adjusted basis for the property (as a subtraction).

1 reply

ZbucklyoAnswer
Employee
June 4, 2019

It isn't.  It is used to determine the adjusted basis for the property (as a subtraction).

dhnovacekAuthor
June 4, 2019
Where is it to be shown a subtraction?