Depreciation on home office
LacerteWhen a personal residence is sold is the depreciation that has been taken taxable on schedule D or does it only reduce the homes basis?
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jrjames
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03/13/11 5:50pm PDT
Viewed by asker 03/14/11 7:17am PDT
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The solution
It is taxable on Schedule D, to the extent there is a gain on the sale.
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