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Podcast: BiggerPockets Daily
Episode: What Is Depreciation Recapture And How Does It Work? by Anthony Greer
Description: Are you struggling to wrap your head around depreciation recapture? If so, you’re not alone. When running your real estate business, you can account for the wear and tear of your property and any furnishings and appliances you own via depreciation. You can divide the costs associated with these items over several years through depreciation based on the schedules of asset classes that the internal revenue service (IRS) publishes. Depreciation recapture refers to the portion of a gain you realize from selling a rental property taxed as ordinary income instead of capital gain. In othe...