Solved: In 2014, I put my house under a lease to own contract. The contract was completed this year. The house was sold for what was owed. Do I need to file capital gains/losses?
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In 2014, I put my house under a lease to own contract. The contract was completed this year. The house was sold for what was owed. Do I need to file capital gains/losses?

 
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In 2014, I put my house under a lease to own contract. The contract was completed this year. The house was sold for what was owed. Do I need to file capital gains/losses?

If it was a personal residence, then no.

If it was held for rental or investment purposes, then yes.

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Level 3

In 2014, I put my house under a lease to own contract. The contract was completed this year. The house was sold for what was owed. Do I need to file capital gains/losses?

If it was a personal residence, then no.

If it was held for rental or investment purposes, then yes.

View solution in original post

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