Lisa Marie Brugman, EARented out part or all of your home? Selling could trigger unexpected taxes. Learn how depreciation recapture works, how it interacts with the Section 121 exclusion, and why planning before the sale matters.
Lisa Marie Brugman, EARenting out part of your home? When you sell, depreciation recapture and the Section 121 exclusion come into play. Learn how the IRS taxes the rental portion, what gain you can still exclude, and how to avoid surprises at the sale of your main residence.
Lisa Marie Brugman, EAThinking of selling your home after renting part of it out? Don’t forget about depreciation recapture—the IRS will want back taxes on the deductions you claimed (up to 25%). Section 121 can shield big gains, but it won’t erase recapture. Plan smart, save more.