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Recent content by Mike Jr

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  1. M

    How to calculate capital gains when the primary home bought 12 years ago was leased for the last 5 years before the sale this year?

    Thanks Ron for your advice. But want to understand what the overall tax implication will be. While calculating the capital gains - will the basis change to what was home value 5 years ago as it was used as primary home for 7 years prior to leasing?
  2. M

    How to calculate capital gains when the primary home bought 12 years ago was leased for the last 5 years before the sale this year?

    What is the name of your state?Florida
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