- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Why $47,000 in Capital gains? Paid $218,500 in 1994; sold it for $455,000 in 2017. Filing jointly. For 3 years, we rented it but lived there for 3 years afterwards.
Topics:
June 6, 2019
1:36 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The depreciation must be recaptured from the period when the home was used as a rental property, that amount must be reported as gain regardless of whether you qualify for the primary residence home sale exclusion.
June 6, 2019
1:36 PM