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Get your taxes done using TurboTax
Mike,
Thank you so much. This is very helpful. I was also told that a law changed effective January 1, 2009 for rental property and that the capital gains might be just the percentage of the years since 2009 - 11yrs divided by the total time I owned it 26yrs or 42% of the gain included for tax purposes. Is this true or applicable to another situation.
Thank you
Rick
‎August 18, 2021
9:40 AM