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re: Can I avoid capital gains on the sale of my rental property?
Posted on 8/3/21 at 7:19 am to Seaux_cal_tiger
Posted on 8/3/21 at 7:19 am to Seaux_cal_tiger
Move into it for two years. You'll get to exclude up to $250K/$500K depending on marital status.
You'll still have ordinary income on the depreciation recapture. That pretty much stays with the property forever.
You'll still have ordinary income on the depreciation recapture. That pretty much stays with the property forever.
This post was edited on 8/3/21 at 7:31 am
1
Posted on 8/3/21 at 7:39 am to MMauler
quote:
Move into it for two years. You'll get to exclude up to $250K/$500K depending on marital status.
You'll still have ordinary income on the depreciation recapture. That pretty much stays with the property forever.
Strategically, this is the best call.
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