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Old 06-19-2011, 10:47 PM
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Join Date: Jun 2011
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Home was rental for 5 months, now sold: Taxes?

Hi all,

We had a rental that was in use as such until the 13th of May. We then put it on the market the following week and it just closed Friday.

I do our taxes every year but am wondering how I will need to handle this for this year. What forms will I need to fill out? Is the cap gains on the sale taxed at different rates based on AGI?

Bet I could go to irs.gov and figure it out but you guys are way more fun!

Thanks in advance!



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