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Get your taxes done using TurboTax
You have to report rental expenses the year they occurred (credit card see instructions). Capital improvements are depreciated in your return on rental/business property. If you lived in it 2 years and owned for at least 5 years and currently occupy the property (check how long you had to currently live there) you have to claim capital gains on any rental property time after 2009.
‎February 27, 2022
7:02 PM