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Deductions & credits
@Adam2323 You qualify for the reduced maximum capital gain exclusion., because you moved for employment reasons. But, you must sell within 3 years of the move to meet the reduced 2 of 5 rule.
A portion of your capital gain, known as depreciation recapture, will be taxable, because of the rental use.
‎December 23, 2020
4:53 AM