Rex2
New Member

What do I get taxed for on capital gains for sale of my rental property that was my previous primary property. I lived for 6 years and rented for last two.

I bought for 162k in 2012. I lived in the house for 6 years and rented for last two years. My capital gains if I sell now would be 100K. I took depreciation the last couple of years i rented out. Since I am within the 2 of 5 yr rule. Do i get away with capital gains tax? And just pay tax on the depreciation