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Get your taxes done using TurboTax
IF the home was a rental at the time you sold it, meaning that it was not converted to personal use before you sold it, then the sale is reported in the rentals and royalty section. That's because prior depreciation must be recaptured, since it will be taxed. So even if you have a zero gain sale on rental property, you'll still recapture depreciation and pay taxes on it.
May 31, 2019
4:54 PM