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Will I pay any capital gains if selling a home purchased in '08 as a primary residence, converted to rental in '09, then converted back to Primary residence since '14?
The total gain is approximately $150K, I know I will need to pay depreciation recapture on the portion that was deducted during the rental period, but I am unclear if I need to pay capital gains on the roughly 1/3 remaining gain, proportional to the time it was a rental?
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‎August 1, 2023
8:14 AM