When an individual sells a rental building, what depreciation is being recaptured? Is it the amount of depreciation taken in the prior years or the depreciation left?
Related Questions
- In calculating depreciation on both my rental apartment building and its furniture, what depreciation type, asset class, depreciation method, and recovery period should be used?
- When an individual sells a building, what depreciation is being recaptured? Is it the amount of depreciation taken in the prior years or the depreciation left?
- If I have an individual who runs a winery and sells wine, must any person that is selling the wine have an operator’s license if the owner is not present?
