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unrecaptured 1250 gain

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    unrecaptured 1250 gain

    Vacation home (never qualified as a rental property due to too many personal days) with some depreciation claimed will be sold in 2012. It will sell for less than cost even adjusting basis for depreciation claimed. As there is no gain I am thinking the depreciaion is not subject to 1250 unrecatured gain. Is this correct?
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