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Home depreciation recapture on primary residence with a rental room
I just bought a home (will be my primary residence for the next 5+ years) and plan on renting out a room. I want to understand if I will be able to avoid depreciation recapture tax on this property using the 250k/500k home sale capital gain exclusion since this is also my primary residence. Or will I be able to avoid capital gain tax but still need to pay the recapture tax?
‎September 14, 2020
2:57 PM