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March 20, 2025
Question

What are the "proceeds of disposition" when a Principal Residence has been temporarily rented rather than sold?

  • March 20, 2025
  • 1 reply
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    1 reply

    TurboTaxSusan
    March 21, 2025

    The "proceeds of disposition" are the same whether you rented it out or not. The only difference is if you rented out your Principal Residence, you might have to pay capital gains tax on a portion of the proceeds.