#primary

Tax impact for sale of primary residence/rental

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Tax impact for sale of primary residence/rental I’m currently being told that I have to pay taxes on a portion gains for a home sale and I don’t think it’s right. Closed on home 6/3/2019 Lived there as primary residence from 6/3/2019 – 8/31/2021 Rented property from 8/31/2021 – 1/31/2024 Reported rental income and offsetting depreciation during the rental period Sold on 3/26/2024 My under…

Reddit Personal Finance 832 2025-01-26