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Posted by Arthur Kamlet on June 24, 2007, 10:41 pm
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>> I lived in a home for three years. I moved but kept the
>> house unoccupied except for two months I rented it out. I
>> returned to the house two years later. I sell it. Does the
>> fact that I collected rental income hurt my capital gains
>> exclusion on the sale of the house?
> There's depreciation during the rental period that has to be
> recaptured.
If the two months of rental were in the same year, there
is no depreciation allowed.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
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