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Brisoltys
December 17, 2022
Question

Do I have to claim capital gains on my principal residence if I rented half of my home out for the first of two years I owned it?

  • December 17, 2022
  • 1 reply
  • 0 views
I owned my principal residence from 2020-2022 and rented half of it for one year (2020-2021). Do I need to pay capital gains on the sale when I only rented it for 1 year and was not renting it out at all in 2022 when I sold it?

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    December 19, 2022

    Yes. If you were renting out all or part of the home, you may have a taxable capital gain.

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