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Investors & landlords
the capital gains tax rate will depend on the gain when added to other income.
depreciation recapture can be taxed as high as 25% it's only the gain in excess of the depreciation recapture that gets the favorable capital gains rate. In addition, the smaller of your modified adjusted gross income in excess of $200,000 or your net investment income would be subject to the 3.8% net investment income tax.
‎August 16, 2024
5:59 PM