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How does IRS handle the sale of a home (Capital Gains Tax) when one of the rooms is rented to our business.?
We have our own business and use 10% of the house as a rental to the business. We will be moving to another state next year and wondered about how this will affect our tax return since I had heard at one time that you would have to declare something on the gain in the sale process because of the business rental tax deduction we've been getting.
2 AnswersUnited States1 decade ago