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URL:https://www.learndesk.us/class/5661485168590848/lesson/a02c205130942049e16afe8097bbfc4c?ref=outlook-calendar
SUMMARY:Depreciation Recapture on Rental Property
DTSTART;TZID=America/Los_Angeles:20260513T190000
DTEND;TZID=America/Los_Angeles:20260513T200000
LOCATION:https://www.learndesk.us/class/5661485168590848/lesson/a02c205130942049e16afe8097bbfc4c?ref=outlook-calendar
DESCRIPTION: 
Recapture of depreciation is a mystery to many taxpayers. Most are not aware it happens until their capital gain on their asset sale is much more than they expected. Learn how depreciation recapture works. Walkthrough two examples: one for again and recapture on a personal asset sale and another for again and recapture on real property.
Watch the video below and subscribe to the channel if you have not already done so.

Depreciation is recaptured on both personal and real assets as you saw in the video. Personal assets are Section 1245 assets and real property is classified as a Section 1250 asset. Let's follow the example used in the first part of this course. The assumptions are listed below but the situation is changed to included personal assets in the sale.
Assume Jim purchased his property 10 years ago for $275,000 and he sells it today for $350,000. When he bought the property, he attributed $35,000 of the purchase price to the land. When he sold the property, he attributed...

https://www.learndesk.us/class/5661485168590848/lesson/a02c205130942049e16afe8097bbfc4c?ref=outlook-calendar
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