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I purchased a duplex 2 years ago and rented out both units. In 2000, I moved into one of the units and I plan to remain here for couple years or so. At that time, depending on circumstances, I will either return both units to rental or sell the duplex.My understanding is that I need to recapture 50% of the amount I have depreciated so far. I can claim 50% of my mortgage as a business expense, and the other 50% as an itemized deduction.Is this correct? And what are the consequeces if I decide to sell or rent in two years?TIA
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