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wellsgrey
Level 1

Residential rental property

What are the tax consequences when selling a residential rental property

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3 weeks ago
last updated ‎May 22, 2024 9:34 AM
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FranklinF
Employee Tax Expert
Employee Tax Expert

Residential rental property

The sale of a Residential Rental Property is subject to:

  • Depreciation and Recapture Tax, and,
  • Capital Gains Tax Rate Taxes.

https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals

3 weeks ago
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