I was told by several accountants that even if I never took a depreciation deduction when doing my building income tax, I would still have to pay it back when I sold the building.

However, I called the IRS and asked this question. If I never took a depreciation each year what accounting method do I use.

To my surprise the IRS agent said I must use a ‘Permissible’ accounting method. (or was it a ‘non-permissible’ method?)

Can you verify which one is correct?