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Investors & landlords
You will report it exactly as you did last year but without a cost basis because that would have been all used up last year. This means the full amount will be taxable and at the capital gains tax rate if it is considered to be held long term.
You may have documentation that has already determined for you whether it should be considered long or short term under the terms of the buyout.
‎June 4, 2019
12:56 PM