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How do I report the sale of rental property I lived in 2 of last 5 years for 2015 tax year?
I found instructions for the 2014 tax year, but I'm not sure that they apply for 2015. I did live in the rental property for 2 of the past 5 years, then rented it out, so I believe and very much hope that I can qualify for the capital gains exclusion.
Also, I've been through this scenario before. I lived in the same property for 2 years (2005-2006), then rented out for 5 years (2006-2011). I then moved back to the property and lived in it for another 2 years (2011-2012), then rented it from 2012-2015 before I sold it. So do I have to recapture the depreciation from the first time I rented it, or can I start from the second time I rented it?
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‎June 4, 2019
2:40 PM