In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers three questions from readers on ...

known as depreciation recapture. Because real estate taxes can be complex, a financial advisor can help investors plan ...

IRS Section 1245 is a tax code provision that governs the depreciation recapture process for certain property types. Specifically, it applies to personal property and some specific types of ...

The IRS will still assume you've taken the deduction when calculating depreciation recapture taxes upon the property's sale. When you sell a rental property, the IRS will reclaim part of the tax ...