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Investors & landlords
Thanks for you reply @DaveF1006 !
Ok, normal property sale, different depreciation schedule, thanks!
I have a google sheet for conversion rates so I can easily use the rate for the respective date, purchase, sale and so on.
I have some follow-up questions:
- Do you mean that depreciation is different on foreign properties in general or did 2018 have anything to do with that?
- What do you mean that no partial exclusion exists? From what I understand the partial exclusion is usable when you don't qualify for the 2 year rule. In my case work-move and partial would be from Aug 2017 (5 year look back) to Mar 2018 (ie. 9 months). That is not correct?
Thanks again
March 28, 2023
2:56 PM