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Rental or Capital?
I purchased a house in 2016 with intent of renovating and selling for profit. I made substantial renos / additions and listed it for sale in Nov 2017. While it was still listed for sale, I accepted a short term rental from Jan 2018 to Jun 2018. The house is now sold with closing expected in Jun 2018. How do I report this?
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‎October 30, 2019
11:06 AM