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Investors & landlords
Your rental sold February, 2019 and you would enter the sale of the rental in 2019. See I sold my rental property. How do I report that?
- The fact that your rental was not rented in 2019, does not make it a second home.
- If it was "available" for rent, enter the number of days from January 1, 2019 to February 18, 2019 in the question, "the days rented at FMV".
- If it was not "available" for rent, you'll enter "0" for the question "the days rented at FMV".
Note: Upon the sale of your rental, you may have to pay 25% on your depreciation recapture. See page 27 of IRS Publication 544 Chapter 3 Depreciation Recapture .
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‎January 31, 2020
8:09 AM
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