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Yes, you will need to pay tax on the business half. Ideally, you have been including your rental income, expenses and depreciation in TurboTax and that you had a multi-unit property.
If you meet the exclusion for the personal half, you can exclude that portion of the gain.
Does Your Home Sale Qualify for Maximum Exclusion
The tax code recognizes the importance of home ownership by providing certain tax breaks when you sell your home. To qualify for these breaks, your home must meet the Eligibility Test .
How your sale qualifies. Your sale qualifies for exclusion of $250,000 gain ($500,000 if married filing jointly) if all of the following requirements are met.
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