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    #1

    Rental house/ Primary Home

    I have a client that converted a primary house into a rental 3 years ago. Prior to that he lived in the house for 3 years. Now he sold the house does he still qualify for the 2in5 exclusion. If so doen he have to recapture the deperaction that was taken during the three years it was a rental? I can not figure this out so any help or direction would be appricated.


    Girard
    Tags: None
    #2
    Yes Recapture

    Yes, depreciation is subject to recapture rules...

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      #3
      Rental house/ Primary Home

      please use resources available to you before posting basic questions. taxea
      Believe nothing you have not personally researched and verified.

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