Story thread · 2 reports / 2 sources

He Depreciated the Duplex for 27 Years and Would Have Owed the IRS $180,000 in Recapture the Day He Sold. He Never Sold. His Kids Did, and Owed Nothing

247wallst.com · 2h · first reportShare

The IRS spent 27 years tracking every depreciation deduction on that duplex, building a six-figure tax bill that would trigger the moment it sold. There is a tax code provision that can make the entire ledger disappear, and most landlords never think about it until it is too late.