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Level 2
March 8, 2021
Question

Dormant 1245 property for 5 years, business closed 5 yrs ago capitol gain? Must I recapture at ordinary??

  • March 8, 2021
  • 1 reply
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1 reply

sjrcpa
Level 15
March 8, 2021

Yes. It was depreciation claimed.

The more I know the more I don’t know.