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 over 7 years ago,
Confused about new capital gain formula re: personal/rental use
I hope someone here is knowledgeable and willing to help me understand the new math.
What's the difference in % (after deductions) taxable as capital gains in each scenario:
Purchase House. Live in for 1 year. Rent for 7 years. Live in for 2 years. Sell. =?%
Purchase House. Rent for 8 years. Live in for 2 years. Sell. = ?%