Life saver, thanks!

if the three years that you rent it out is in between, i.e. you used it as main home again until you sold the house, you need to prorate the deduction limit. 

What is the deduction limit you refer to?


if you used it as rental until you sold the house, the limit is $250K, but you need to give back the depreciation that you claimed during the rental years.

If I claim $0 depreciation, then it is 250K exclusion then?
 

所有跟帖： 

• IRS calculate depreciation regardless you claim or not. -laoyangdelp- ♀ (0 bytes) () 05/02/2013 postreply 17:44:35