by mikey on April 12th, 2008

mikey

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ACRS depreciation Vs Straight Line - How do I account for the depreciation on my 2007 return ? $40,000 subject to ACRS starting in 1982 ...sold the rental in 2007 - 25 yrs later ... for 20,000 flat - do I have a GAIN or loss with the depreciation?

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You're reading ACRS depreciation Vs Straight Line - How do I account for the depreciation on my 2007 return ? $40,000 subject to ACRS starting in 1982 ...sold the rental in 2007 - 25 yrs later ... for 20,000 flat - do I have a GAIN or loss with the depreciation?

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