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Level 1
November 16, 2022
Question

Capital gains

  • November 16, 2022
  • 1 reply
  • 16 views

How much am I responsible for capital gains tax if I sell a rental property

    1 reply

    Level 5
    November 16, 2022

    Yes-You will for the gain on sale, which also includes accumulated depreciation, reducing cost basis of the property. 

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