If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

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If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

Yes, unless you reported the depreciation as a separate business sale when you closed the business, you are required to pay tax on the depreciation claimed for home office.

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If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

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If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

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If we qualify for the 121 exemption do we need to claim the sale of the house on our return if we had a business in the house but closed the business 7 years before sale

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