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Your capital gain is the difference between initial purchase price in 1997 (120K) and selling price in 2018 (250K) less any expenses of sale (e.g. realtor commission) + depreciation recapture.
See https://www.nolo.com/legal-encyclopedia/taxes-when-landlords-sell-rental-real-estate.html
Your capital gain is the difference between initial purchase price in 1997 (120K) and selling price in 2018 (250K) less any expenses of sale (e.g. realtor commission) + depreciation recapture.
See https://www.nolo.com/legal-encyclopedia/taxes-when-landlords-sell-rental-real-estate.html
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