kwyp
Level 4
09-12-2024
05:39 PM
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Let's assume two cases:
Case 1). A rental property selling price is 500K, purchase price is 300K, accumulated depreciation is 300K. What is the capital gain amount for selling the property?
case 2). A rental property selling price is 500K, purchase price is 300K, accumulated depreciation is 0, What is the capital gain amount for selling the property?