Investors & landlords


@dclive wrote:

If my home goes from $250k in 2010 to $345k-ish in 2022, isn't that 95k in gains.....


The figures you stated in the quote above do not include accumulated depreciation.

 

Assuming you used $250k as your basis (roughly) and had around $73k in accumulated depreciation, then your adjusted basis would be $250k less $73k or, very roughly, $177k. If you subtract $177k from $345k you wind up with $168k in gain and then subtract out your expenses of sale.