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Is it considered a rental property?
We have a secondary property that we sold this year, it was a rental for just over 4 years. We never made a profit in any year it was being rented and it was underwater until the year we sold. We didn't get back anywhere near what we paid. We walked away with a small amount at closing, what taxes can we expect to pay on it in Illinois?
‎August 21, 2019
9:24 AM