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jamskp
New Member

Sold a rental property last year

Is there a difference in the amount of tax due if I were to record the sale of a rental property under business rather than personal?
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1 Reply
Hal_Al
Level 15

Sold a rental property last year

No. Either way, the sale is reported as the sale of a "business" asset, on form 4797, not schedule E or Schedule C

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