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Get your taxes done using TurboTax
This pub should answer many of your questions
https://www.irs.gov/pub/irs-pdf/p523.pdf
You will have some depreciation recapture when selling the home.
Taxes won't be due right after the sale. But, you many need to make estimated tax payments.
https://www.irs.gov/pub/irs-prior/f1040es--2022.pdf
The renovation cost will be added to the basis and will reduce the amount of gain.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
‎June 8, 2022
9:52 AM