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Converted Primary residence to rental and back, then sold (gains qualify for taxation)... how do i correctly deduct the depreciated assets from my gains?
Quick summary: Purchased home in ID '07, put $$ into it, convert to rental 04/12, moved to OH, bought OH home '13, sold '16, moved back ID, convert rental to primary, sold 4/17. help?
Extra Detail: I purchased the home when I was single, upgraded it to the tune of ~25k+. Converted it to a rental and paid the appropriate taxes. I moved to Ohio and got married. I then bought a home there in 2013, remodeled it, sold it for a profit in 2016 when I moved back to Idaho and converted the rental back into a 'stepping stone' primary residence. I used turbotax to convert the rental back into a primary, but now that we sold it in 2017, i'm not sure how to recoup the remaining depreciation that was left. I have to pay taxes on the gains since I both had the sale on the ohio property within too short of a timeline AND I didn't have the Idaho home be a primary residence for 2 years. How do I make sure I'm not paying too much taxes on the profit of the primary turned rental turned primary?
I converted rental to primary following this thread last year: