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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: daverobev on October 26, 2016, 05:12:55 PM

Title: Selling US rental - questions on depreciation
Post by: daverobev on October 26, 2016, 05:12:55 PM
I'm trying to fill in form 8288-B, which is for johnny foreigners to reduce the amount of FIRPTA withholding.

I'm trying to work out my basis - do I just do normal MACRS for this year, the year I'm selling? Or do I not depreciate (and recapture) - can I take the basis from 2015? I can't, at first search, find a 'year you took the property out of use' form equivalent to form 4562.