@Anonymous_ Thanks for your answer!
You mentioned
"
You can separate personal property from real property to get the shorter recovery period on the former (instead of 27.5 years), but within just a few years the basis of your furniture will be reduced to $0.
As a result, if you receive any price higher than $0 for the furniture when you sell, you will have a gain and that would be a Section 1245 gain where the tax rate on recapture is not limited to 25% as it is on Section 1250 property.
"
I want to know if when selling my house, the buyer does not want me to keep any furniture inside, how much gain will I get and have to pay tax for?
Is the gain the total depreciated number of the furniture?
Thank you!
