Updated almost 2 years ago on .
Most recent reply
presented by

Tax Implications w/ selling rental property that was previously primary residence
I am looking for some tax advice regarding the potential sale of rental property.
Trying to understand what a potential tax bill may look like.
Property was previously our primary residence, having lived there for a few years, and started renting it out beginning October 2022. Looking to sell within the next few months.
Most Popular Reply

You will likely need to report as income the depreciation taken from October 2022 to the time of sale.
- Basit Siddiqi
- [email protected]
- 917-280-8544

Basit Siddiqi CPA
77 Reviews
4.8 stars