I agree with Miked. Consult the experts. Common thought is if it is your property and you never claimed depreciation on the items, you do not have to pay taxes on it. If it is curbco or a business, you should pay taxes on all of it. Personally I pay taxes on everything to avoid any problems. Since I have an advanced degree and do not understand our tax system, it is not worth taking a chance. It is a shame an educated person in the United States cannot do their own taxes because they do not understand the system.
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