Question: 4 5 . Is this statement true regarding tax treatment for renting a personal residence? Depreciation taken on the rental is no subject to recapture
Is this statement true regarding tax treatment for renting a personal residence? Depreciation taken on the rental is no subject to recapture if the residence is sold since it is considered to be de minimums.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
