I have a second home that I inherited in late 2013, and which I've been renting out as an AirBnB type rental since 2015. I (my CPA) has been taking depreciation on the home since 2015 against gross profits, Schd. E. The home has doubled in market value since late 2013. I'm thinking about selling the home.
In general, how does depreciation play into capital gains upon sale of a second home used for income?
Yes, I will ask my CPA, too.