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Investors & landlords
I agree but, further, if you have to ask whether the property was a rental, then you might need professional tax guidance and/or return preparation.
Obviously, you should have been reporting rental income and expenses (including deductions for depreciation) for each of the last four years on Schedule E of your tax return. If you did not do so, consult with a tax professional as soon as practicable.
‎August 21, 2019
9:59 AM
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