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Investors & landlords
Yes, the reason that $50k of the sale is subject to tax, and only $25k gets a tax break is because the rental was a primary residence until 2017 and then rented. Since the asset was "placed in service" after September 27th, 2017, it appears that you are getting 50% depreciation.
‎April 6, 2021
9:42 AM
1,688 Views