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Home sale
I sold my home in 2019. It had been primary residence from 2004-2006, when PART of it was used for vacation rental until 2015, after which the whole house again was primary residence. Do I need to let IRS know that this rental period was only for part of the home, rather than the whole home? It appears I need to notify them of the sale, even though my profit was less than 100K. Also, am I still required to pay a depreciation recapture of the entire amount of depreciation I took while part of the home was a rental? Thanks a lot!
May 13, 2020
12:28 PM