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Deductions & credits
Wow its much more complicated then I thought I will for sure try a mock return as I'm currently living within this home and debating to sell taking my $500k joint capital gains deduction or to rent and sell later losing the ability to take the $500k deduction living within the home 2 of 5 years.
Also as this is my primary home I have not taken any deprecation as I believe deprecation can only be applied to rental properties?
‎July 15, 2020
9:33 PM