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Investors & landlords
Your Capital Gain will be the difference between your Cost Basis (Remaining Undepreciated Balance), and Sales Proceeds, less Costs of Sale, so depreciation recapture that you have already taken (or should have taken) is already calculated in.
Long Term Capital Gains can be taxed at anywhere from 0% to 20%, depending on your Income Bracket. Here's more info on How Capital Gains are Taxed.
If you owe over 1K in Income Tax, you can pay Estimated Taxes if you think you will also owe tax for 2024.
For your 2023 Balance Due, you can also make Installment Payments to the IRS.
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‎February 12, 2024
2:52 PM