Pioneer_Tax
Level 2
‎12-08-2020
06:13 PM
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Any help will be greatly appreciated...
4 Replies 4
sjrcpa
Level 15
‎12-08-2020
06:28 PM
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Possibly almost a full exclusion depending on details of rental activity.
In any case, gain attributable to depreciation allowed or allowable is taxable.
ex-AllStar
Pioneer_Tax
Level 2
3 weeks ago
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Thank you! Sorry just getting back to you now...I am also a Business & Math teacher...so things have been busy and are just going to get more busy...
Code_Reader
Level 2
‎12-10-2020
04:14 PM
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Also watch out for the way the state handles the issue. (I'm looking at you, Pennsylvania.)
Pioneer_Tax
Level 2
3 weeks ago
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I am in Nevada...