Hal_Al
Level 15

Investors & landlords

That will do you no good. There is no tax advantage to selling a 2nd home. Only the sale of your primary home qualifies for a tax exclusion.

The gain on the sale of a 2nd home is taxable, but a loss is not deductible and the depreciation taken while a rental  still must be recaptured (taxed). 

It's complicated, but TurboTax can handle it. Even so, you may want to consider professional tax help

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