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Investors & landlords
Try
this tool https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1. Enter your regular income first to see the
regular tax. Then add the sale to see the effect.
Enter the difference between the sale price
and what you paid for it originally as a long term capital gain (LTCG). Enter
the depreciation you've taken over the years (depreciation
"recapture") as other income. Depending on how much total income you
have and you marital filing status LTCG are partially taxed at 0%, 15%, 20% and/or 23.8%. Depreciation
recapture is taxed at your marginal rate, but not more than 25%.
May 31, 2019
5:47 PM