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After reading Roy Lewis' article on the Deemed Sale of a Home, I'm wondering how this could apply to Rental Property? Our primary residence has not appreciated significantly, but several rental properties that we've owned for years have increased significantly in value. Without the generous capital gain exclusion that exists for your primary residence, is there any benefit in doing a deemed sales on rental property? Would it make a difference if I plan to sell the property in 5 years vs. hold onto it for another 20? I am far from an expert on tax code and how to apply it, so any thoughts are appreciated!!!

Never have and never will understand the U.S. Tax Code!!!
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