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Capital Gain on a rental house
We bought our house in 1987 for $108,500. We started renting it out in 2015, and made improvements through the years totalling $207,000. (including cost to sell) The house sold it in 2019 for $315,000. Is my capital gain the difference of $108,200 minus the depreciation recapture amount?
‎January 18, 2020
7:35 AM