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Sale of rental property

Asked by kevin over 3 years ago, 3 answers.
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What are my tax consequences if I sell a rental property? Where can I find additional information on this subject?

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Jeremy Goodrich yep, that's me Answered by thedude on Nov 30, 2005, 06:42PM
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This seems to have information on the sale of a rental property (from the IRS website):
http://www.irs.gov/p...

The way I found it was to search for 'sale of rental property' from site:irs.gove / that tells search engines like Yahoo or Google that you're looking for something *from* a specific site. In this case, I thought a pointer to the IRS on a question of selling rental property / I don't know if it's commercial or residential, but I guessed you were looking for sale of a residential property.

If you're looking for commercial property sales, you might try this IRS publication:
http://www.irs.gov/f...

Though that's not a publication, it's a 'frequently asked questions page', it might help. Best, thedude.

Answered by bill_6191 on Jul 15, 2006, 01:53PM
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Have rental property purchased for 54,000 15 years ago and plan to sell it for current value of 85,000. What are the taxes going to be??

Prettifuls :) Answered by texaskimmie on Jun 23, 2007, 02:11AM
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I think you need to ask a professional these questions. Good luck.

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