Just-Lisa-Now-
Level 15
Level 15

You sell it as a rental property...being a personal residence 12 years ago (your duplicate post said 8 years as a rental) means nothing to your situation.

You'll have 8 or 12 years of deprecation to recapture, so while its possible you have a loss on the actual sale (your duplicate post mentioned a loss), you may have a gain to pay taxes on.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪