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Get your taxes done using TurboTax
Since you have not lived in the residential property for at least two years in the 5 year period from the date of sale it is not a primary personal residence but a second home that was used as a business property.
Report the sale as Business Property. The prior depreciation for the home business has to be recaptured as a Section 1250 Gain.
‎September 24, 2019
10:59 AM