Reply To: Taxable gain on sale of formerly rented house?

Home Fairmark Forum Taxation of Investments Taxable gain on sale of formerly rented house? Reply To: Taxable gain on sale of formerly rented house?

#3612
snargle
Participant

My explanation just above should have read “it’s the actual gain and not the excludable amount of the gain that gets “allocated” based on the length of time the house was, and the length of time it wasn’t, used as a principal residence, and some other factors, too.”