Sale of a home that used to be a rental My sis and I own a home that we used to rent out. We moved in to this property in 2005. We are planning on selling this house some time in 2014. Do we have to pay capital gain taxes? How about the depreciation taken on the house when it was a rental, do we have to do anything with that? We also have a vacation home and we are planning to move in it after the sale
of our main residence. |