If you are leasing the home out, you are to your hook to possess a portion of capital progress taxation for how enough time the home try an excellent local rental. It’s also possible to getting energized a flat twenty-five% depreciation recapture tax with the year(s) which you advertised depreciation on your income taxes. Be sure to mention it together with your accountant if you’ve provided our home as the a rental. Continue reading That main point here to consider: There clearly was a catch in the event your family was previously categorized since the an investment property →