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Get your taxes done using TurboTax
Thanks Joseph. I rented small portion of my house from March 2018 to Sept 2020. I reported in my respective Tax return. Now as I sold my this home (primary Residence) with gain of 229,000-39,000 expenditure for upgrade = 190,000 gain. As the amount fo gain is not taxable, does depreciation matter? Now it is unnecessary more paperwork and not going to save any money in this case. So shall I mentioned $0 as depreciation and file the return?
‎April 14, 2023
2:08 PM