Bgator
New Member

Sale of vacation rental

My wife and I have owned a vacation home in the mountains since 1995. Business and personal use decreased over the years and we finally sold in April 2020. In 2020 we had no personal use but did have several thousand dollars of income. Does this become subject to special handling? I have not seen any place to  calculate sales price, depreciation, carry over expenses , etc.  Thanks. Bgator