Hal_Al
Level 15

Investors & landlords

One clarification:  "recapture"  of  the depreciation is taxed at your ordinary marginal tax rate (not capital gains rates), but at not more than 25%.*
Although TurboTax (TT) can handle this situation, you should consider having your  taxes done professionally.

*Although taxed at ordinary income rates, but 25% maximum, depreciation recapture is still considered a capital gain and can be offset by other capital losses.