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April 9, 2022
Question

How do I find my basis So that I can estimate taxes do should I sell a rental property in 2022

  • April 9, 2022
  • 1 reply
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1 reply

ColeenD3
April 9, 2022

Your basis in your rental home is the purchase price, plus improvements, minus depreciation. You can prepare a mock return using the 2021 software to see what you will be taxed. You can then abandon it.