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Get your taxes done using TurboTax
@kmwash wrote:
I've gone through all of the questions to ensure I have answered correctly. The Home Sale questions came up as I was entering Home Office expenses. Is the Capital gain a result of the Home Office?
Yes. You will have what is known as Unrecaptured Section 1250 gain in the amount of depreciation deductions allowed (or allowable) which will not be excluded (i.e., that part of the gain is taxable).
‎October 12, 2019
12:43 PM