Have a Tax Question? Ask a Tax Expert
Your accountant is correct that the recapture of the depreciation claimed is required when you sell and receive more than you have in cost of the property (gain). The recapture amount is ordinary income.
There are payment options.
If you're financially unable to pay your tax debt immediately, you can make monthly payments through an installment agreement.
Form 9465, Installment Agreement Request
You can also request to pay NH by installments.
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