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Subject:  tax on rental/former res. Date:  4/1/2002  11:58 AM
Author:  cabreck Number:  59954 of 123001

I am selling a townhouse right now that I lived in for 2.5 years 3/97-8/99, and have rented out since (I own no other property and currently rent). I stand to make a pretty decent profit.

You can see my question below and a response I received on another board. Can anyone provide further clarification? Maybe a definition of recaptured depreciation? I assume given my scenario, I won't be taxed on the gains except the amount claimed as depreciation (i.e. I w