capital gain on sale of rental condo
QUESTION:
I've sold condo last month. It was rental property. Do I need to pay capital gain right now or when filling tax return
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david ingram replies:
You will need to calculate any recaptured depreciation and capital gains and put them on your return in April 2008 for the 2007 tax year.
I've sold condo last month. It was rental property. Do I need to pay capital gain right now or when filling tax return
------------------------------------------------------
david ingram replies:
You will need to calculate any recaptured depreciation and capital gains and put them on your return in April 2008 for the 2007 tax year.
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