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I sold my rental property for 40000.00 cost is 200,000 and occupied for 5 yrs before turn to rental property. How I report this sale?
Bought: 09/15/1999. Stayed in house until Oct/2006
Cost: $199,000.00
Placed for rental: Oct/2006
Sold: Oct 15,2016
Amount: $400,000.00
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‎June 5, 2019
10:36 PM