If this is a rental property that you have owned for a wh...

Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

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If this is a rental property that you have owned for a while then you will have gain on recapture of depreciation even if you sold for lower than what you paid for the rental.