Capital Gain Taxes

Ray3648 profile photo

I have a rental that I plan to move into and reside in for 2 years and then sell to avoid capital gains on the apprecaition of value. When or do I have to pay taxes on the depreciation I've taken on the property over the last 10 years??? confused

Comments(1)

  • DaveT28th June, 2003

    Depreciation is recaptured on the first annual tax return you file following the sale of the property.

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