R
r16674
Guest
i have lived in one side of a duplex and rented the other side for 11 yrs now.(the house was purchased under one mortgage and there was only one mortgage payment for both sides) i have applied depreciation each year since i have owned it.i have just sold the duplex and purchased another house and im a bit confused if i will have to pay capital gains tax on the rented side that i have never lived in.i have taken credits at the end of each year on my taxes for work and upkeep each year i have owned it can someone help me if possible?the purchase price was 79,900 and it sold for 147,000 the balance due after refinance is about 95,000 current balance to pay house off.thanks for everyones help