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Sec 1250 Unrecaptured Gain & Net Investment Income Tax

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    #1

    Sec 1250 Unrecaptured Gain & Net Investment Income Tax

    T/P sold a house that they had been taking deprec. for OIH. The house qualifies for the Sec 121 exclusion. The deprec. from the OIH is 1700.00. It is reported on Sch D. I have read about the NIIT. It does appear that this recapture is subject to the NIIT. Just wanted to see if anyone has any other info to the contrary.
    Thanks
    You have the right to remain silent. Anything you say will be misquoted, then used against you.
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