am Canadian and sold a rental condo in Florida in 2018. For
capital gain, is it taxed at different rate than rental income? How can I
calculate the tax amount due to capital gain and which Line I put it in? I put the total capital gain and rental
income into line 41 and 42 and can’t figure out how the rental income and
capital gain are taxed differently.
Every year, I have rental income loss incurred after
claiming full Depreciation, how can I use these rental income loss to reduce
the deprecation recaptured amount?
With Depreciation recapture, should I use the full amount as
per IRS, or should I use the amount as per I filed my tax every year, as I used
the Alternative depreciation approach (40 years amortization).
Can I efile form 1040NR?
