Mar 29, 2025
3:56:55pm
3:56:55pm
In very general terms, the improvements will increase the basis. The gain you
recognize will be the difference of the proceeds and basis.
Keep in mind that you’ll also need to recapture depreciation claimed.
I’d reach out to a tax professional. You don’t want to report this wrong.
Keep in mind that you’ll also need to recapture depreciation claimed.
I’d reach out to a tax professional. You don’t want to report this wrong.
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