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Sale of primary home partially rented
We just sold our main home, which we also rented out, but only a portion of our home and only for a portion of the time. We lived there approx. 20 years. I understand that we would pay no capital gains tax if our gain was <$500,000 (married filing joint), but that we have to recapture any (rental) depreciation we claimed on the house. Is that correct? Do we have to recapture any other depreciation (HVAC, appliances)?
‎February 24, 2022
7:31 AM