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Investors & landlords
Do you think it would result in the same tax outcome if I enter it as a home sale, rather than a sale of a rental property? I was thinking if I record it as the sale of a rental, I would be able to deduct expenses for the part of 2020 that I owned it, but I would have to pay gain on depreciation recapture. So maybe just the home sale option is better, and more accurate anyway.
March 30, 2021
5:38 AM