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Updated over 6 years ago,

Kristi Hill's profile image
Kristi Hill's profile image
Kristi Hill
  • Member since Apr 22, 2018
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Kristi Hill's profile image
Kristi Hill's profile image
Kristi Hill
  • Member since Apr 22, 2018
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Kristi Hill
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Buying & Selling Real Estate

Rental Property being sold at a gain in utah

Kristi Hill
Posted

I bought a property for a friend in 2005. She rented if at cost of the mortgage payment due and I made no money off of her. She moved out in March and we have had to do extensive work to get it ready to sell. It will likely be at about a $60,000 gain when finally sold. How does taxation  work on a rental property?

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