Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Lane KawaokaPoster
Pro Member
- Rental Property Investor
- Honolulu, HAWAII (HI)
- 2,626
- Votes |
- 4,248
- Posts
Capitol gains on sale
1) I bought a home in 9/2009 and lived in it for one year. Then I rented it out until current. If I sold it today and made a 100k profit/gain do I pay 80k of the taxes on the gain? If I move back in for 1 more year and avoid it all to qualify for the 2 out of 5 year rule?
2) Also do I have to payback all the depreciation on top of the capitol gains?