Thank you so much....I think I got to sell sooner....so I may pay for capital gain tax....
I am not sure did I MENTION about rental income??
Anyone...please review my case for help......
My house is on the market and someone is interested...
How much would capital gain tax be?? Approx?? Please help me......
My escrow says 4/26/2011 closing
Local record for purchase says 5/26/2011 (Is this one actual purchase date?)
Lived there until Oct 2012 (Owner occupied)
Rented out Nov 2012 until Nov 30th 2015 (Rented out)
Moved in Dec 5th 2015 to current (Owner occupied)
Estimated sales price: $450,000
Loan amount: $125.000
Home improvement and repair: $60,000
Rental income/loss: * This is paid over personal income, should I add it when sold home???
Home ownership fee: $255 monthly
