Hi I have question about capital gains
I bought house A in 2011 for let’s say 5000 and in 2017 I converted it into rental property and bought house B in July 2017 at that time house A market value was 10000 if I sell house A now for 15000
what will be my capital gains calculations for this scenario
Thank you for choosing TurboTax. There are many unanswered questions such as: Was the house your principal resident at the time? Do you have any unused capital gain loss carrying from prior years? I am recommending you consider using one of the services offered by our Tax experts so you are able to maximize any credits or deductions you are entitled to.
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