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Investors & landlords
You said you want to exclude the gain, but you also said, "I have a loss on the house part (-$10K,". You can't have both a loss and a gain. You can't ake a personal loss on your home. For the rental portion, you must separate land as it is not depreciable. For the personal portion, it is all one sale.
‎April 11, 2022
4:16 AM