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Investors & landlords
The $130k gain already takes into account the depreciation taken. The difference in sale price vs. purchase price is $80k, and there was ~$76k of depreciation. The net of those with selling expenses is ~$130k. Shouldn't the carryover losses then offset that $130k resulting in less than $20k of tax?
‎June 1, 2019
11:18 AM