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Yes. It doesn't matter what you did with the proceeds. The sale is reportable and will result in a reportable capital gain or loss. A portion will be depreciation recapture; which is not subject to favorable long term capital gains tax rates.
Yes. It doesn't matter what you did with the proceeds. The sale is reportable and will result in a reportable capital gain or loss. A portion will be depreciation recapture; which is not subject to favorable long term capital gains tax rates.
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