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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?

     • Mike Jr
     • Post #3
     • Nov 7, 2018
     • Forum: Tax Law
  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

     • Mike Jr
     • Thread
     • Nov 7, 2018
     • Replies: 6
     • Forum: Tax Law