hecmo
New Member

Tax help for military filers

Hi,

My case:

I lived in the house as my main residence from 2000 to June 2012. 

In June 2012 , I moved out the house due to permanent change of station orders.

I  rented the house from June 2012 until December 2017.

The house remained empty, but  as a rental property for tax purposes, from December 2017 until December 2021. I have 10 years of "captured depreciation."

I sold the house on December 2021. I am still on active duty orders.

 

I haven't computed the basis yet, but how could it affect me if I have a loss on the sale of the house? 

 

Thank you