Depreciation not taken

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  • Dale Watkins
    Junior Member
    • Aug 2010
    • 14
    #1

    Depreciation not taken

    My client wants me to forego 2011 deprec on rental prop that was sold this month. I believe the clause allowed or allowable means that you will be charged for 2011 depreciation upon the sale even if it is not deducted. Correct??? Thank you.

    Dale Watkins 781 308 1895
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      Yes, you are correct.

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