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Tax return to include sale of second home
We are retired and sold our second home in Arizona this year. We bought it 12 years ago and have a profit to declare. Our previous tax returns have been short form since we do not have enough deductions . This year with the long term capital gains on the sale of the house, will we have to itemize our deductions? What kind of deductions are allowed for the sale of the house?
‎October 30, 2024
10:01 AM