ptax255
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 7
		
	
				
		
	
		
			
    
	
		
		
		01-14-2022
	
		
		01:06 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Hi, client has been a US resident (on a visa) and been taxed as such. During this time he had rental property in the UK which he depreciated in the US tax returns. If he were to go back to the UK and then sell the property, would depreciation recapture still apply?
			
		
			
	
	
			
				
		
		
			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		01-14-2022
	
		
		01:08 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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If he still has to file a US tax return, yes the unrecaptured 1250 gain rules would apply.
The more I know the more I don’t know.