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CCA recapture on rental property
CCA recapture on rental property I want to make sure I'm calculating my taxes right. Bought property 8 yrs ago for 192,000. Depreciated for thse years and ucc is 130,000. Had to install furnace in 2019 - cost 6000 but never added to CCA pool. Sold property for 190,000, but had to spend 5000 on paint and new flooring. Realtor + legal fees to sell 12000 Assume I can add the 6000...
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