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Get your taxes done using TurboTax
So very very helpful. You are saying the depreciation cannot be excluded but it sounds like when I sell the used to be rental which I am now living in after two years, then I will get another full $500,000 exclusion -- is this correct? Whereas as if I sell the 2 family as is, I will have to pay the depreciation plus full capital gains on the rental unit.
Thank you so much
‎August 20, 2021
10:30 AM