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Investors & landlords
Thanks again, so helpful, and I see the issue with recalculating the base cost of the home each time a rental period ends. But I think that's doable as Redfin sends me an estimate every week in email, it seems :). As I narrow it down, one more specific question and I'm set: when I sell, if profit is10%.... do I owe cap gains and deprecation on the full 10% or taking the 10% and reducing it by the % of days rented... say 25% ... So (I'm hoping) if Cap Gains are 100,000, the tax would be on the 25,000 gain that would be the rental portion of the time. Another way of saying this is that I hope you can divide rental time the same way we divide rental spacein our two family home.
‎April 22, 2022
9:55 AM