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Form 4797 Sale of
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Selling
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7:22
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The Tax Geek
Taxes for Landlords, pt. 5: Selling a Rental Property
If you own rental property, there can be significant tax consequences when you sell it. Your taxable gain usually has nothing to do with the amount of cash you receive at closing, and is instead based on what you originally paid for the property, any costs involved in selling it, what you sold the property for, and any depreciation you took (or ...
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