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IBSHERR
Level 2
April 13, 2021
Solved

personal residence turned into a rental

  • April 13, 2021
  • 1 reply
  • 6 views

I have a client who purchased a home in 1987. They lived there until august of 2008. After moving out they turned it into a rental. It was a rental until 2020.  because they lived in longer than it being a rental, is there any tax relief that someone knows about?

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Best answer by IRonMaN

If you are saying they sold it for a gain, no there isn't any "tax relief".

1 reply

IRonMaN
IRonMaNAnswer
Level 15
April 13, 2021

If you are saying they sold it for a gain, no there isn't any "tax relief".

Slava Ukraini!
    I
    IBSHERRAuthor
    Level 2
    April 13, 2021

    I FIGURED THAT, WAS JUST HOPING SOMEONE KNEW SOMETHING.... LOL

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