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Sale of Rental 2022, and how to pay captial gains
sold a rental in Feb of this year. Getting out of the rental scene and are paying the captial gains. How long to I have to pay the gain, do I wait until 2023 filing, or do I need forms now to fill out? Is there a deadline? I understand the gain is one thing and the recapture is another. I understand these two are separated by subtracting the recapture from the total gain and paying the % as required on each. Is that correct?
Thanks
March 24, 2022
6:34 PM