TaxGirl3
Level 5
06-08-2021
10:43 AM
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Former residence of deceased is being rented for 3 months to the buyer prior to the sale.... and the 3 month rental spans 2 (fiscal) tax years. Is the property therefore depreciated? Does this rental change the property from investment (capital gain or loss on sale) to rental (capital gain or ordinary loss on sale)? Thank you!
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