Level 15
06-21-2020
10:42 AM
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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♥¸¸.•*¨*•♫♪