
Anonymous
Not applicable
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Investors & landlords
the exclusion is $500,000 when you file joint. however the depreciation you took or should have taken when it was rented is subject to recapture. use the home sale worksheet
you owned and occupied the residence for 5 out of the 5 years before sale, therefore except for the depreciation recapture you're entitle to exclude the entire gain
March 24, 2020
12:41 AM