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S
srhgrd
March 20, 2025
Question

Sold my condo last year. For the previous two years it was a rental property, not my primary residence. Do I need to include any details of the sale?

  • March 20, 2025
  • 1 reply
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Had been my primary residence for 7 years. Purchased in 2016. Rented for two years (2022-2024). Sold in 2024

    1 reply

    TurboTaxAniqua
    TurboTaxAniqua
    March 22, 2025

    If your home was not your principal residence for every year that you owned it, you have to report the part of the capital gain on the property that relates to the years for which you did not designate the property as your principal residence.

    List the dispositions of all your rental properties on Schedule 3, Capital Gains (or Losses)

    Selling your rental property

     

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