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Bought house in 04 for $177K, lived in it til 14. Rented from 14 to now, & sell for $150K. Owe capital gains tax? If we dep on SchE for $27K, owe cap gains tax now?
Depreciation on Schedule E has been yearly since 2014, with a total of $27K this year.
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March 8, 2020
11:11 AM