Can anyone point me in the right direction for this scenario I have.1. Oct 97 bought Condo in Chicago for $152k2. Jan 99 started renting condo out because I had to move from Illinois to Wisconsin for a new job.3. Declared condo as a rental property for tax year 1999 and 20004. Declared $5k depreciation on 2000 tax return that I was not able to take.5. Rental property ended August 31, 2001.6. Selling Property for $285k minus closing costs in Nov 01.How do I figure out how much if any taxes I will have to pay on this unit??????Thank you,Brett QuasQuasb@yahoo.com
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra