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posted Jul 7, 2020 1:25:25 PM

If the sale of a main home does not have to be reported, up to a certain amount, is that true for the sale of a small rental home?

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1 Replies
Level 15
Jul 7, 2020 1:32:26 PM

No, it's not true for a rental home. There are special provisions for a taxpayer's main home. The sale of a rental home always has to be reported, no matter how small it is or how much money is involved.