RobertB4444
Expert Alumni

Investors & landlords

Even though it may be 20 years from now before you sell your personal residence the depreciation that was taken on the property when it was a rental is required to be re-captured and taxed at a normal rate.  Since this is your primary residence again all of the gain on the sale of the home will be non-taxable (at least the first half million).  The only thing that you'll have to pay tax on will be the depreciation recapture.  @Carl is trying to save you some money.

 

@carlRcraw 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"