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Investors & landlords
The 2 of 5 year rule is hard and fast so you cannot exclude any of the gain UNLESS you are active duty military then the rule extends to 10 years. Either way the depreciation allowed or allowable must be recaptured.
Read up in the IRS pub 3 : https://www.irs.gov/forms-pubs/about-publication-3
‎September 30, 2023
6:37 AM
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