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Get your taxes done using TurboTax
@Quebmana wrote:
So to understand this correctly if i have 1700 in depreciation each year in 10 years that's 17,000. So the 10th year i sell the home i will need to pay capital gains of 17,000, AKA the 17,000 is taxable income.
You pay capital gains taxes on the $17,000 which is currently 25%.
‎April 5, 2023
3:50 PM