There is no cap. If you have no other income, you could potentially make a $5 million profit on selling an investment home and pay 0% LTCG rate (ie not a single...
Technically, Turbotax will allow it. I had to make the in service date the same as the sale date for each capital improvement I listed so it would stop trying t...
Sold my rental property in 2023. Had it for 3 years. Chose active participant as I met the requirements. Did a huge remodel and had many capital improvements (e...
