Lived in house 2 years, rented it for 7 years, now live in it again for 4 months. It has appreciated 50 k. what part of the 50k will be subject to capital gains taxes?

posted

Connect with an expert

1 Best answer

Accepted Solutions

All of it is subject to the cap gains &/or depreciation recapture...you do not qualify for the exclusion.

1 Reply

All of it is subject to the cap gains &/or depreciation recapture...you do not qualify for the exclusion.

Still have questions?

Do you have an Intuit account?