Seeking Example Sale Of Rental Property Figures

[Mike Roterdam]

Dear BiggerPockets Colleagues,

My wife and I purchased a primary residence in April 2005 for $335,000. We lived in it until April 2010, at which time we converted it to a rental property.  Fair Market Value at time of conversion was $300,000.  We used this value coupled with the county building/land ratio to determine the building (non-land) value for deprecation purposes over the years. It stayed a rental property until we sold it in April 2016 for $299,900.

I am seeking sample figures of a  sale of rental property, particularly when it was first a primary residence converted to rental/investment. There were closing costs at the time of purchase and the time of sale. From 2007 to 2010 part of the home was used as a business home office. I am also aware of the large recapture tax burden due.

Anything you can do to point me in the right direction will be greatly appreciated.

Thank you

Mike Roterdam