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Investors & landlords
You didn't mention taking depreciation on the property. You are assumed to have taken depreciation on the asset except land values and will be taxed on the amount at a higher rate for that gain.
Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
‎June 6, 2019
1:02 AM