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Pros and cons of selling rental property in California.
What are the cost impacts on selling a rental property in California
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June 5, 2019
11:57 AM
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Investors & landlords
Pro - if you sell at a loss, you will not have any gain to pay taxes on. (But you will pay taxes on recaptured depreciation, no matter what)
Con - If you sell at a gain, you will pay taxes on the gain and the recaptured depreciation.
Con - If you sell at a gain, you will pay taxes on the gain and the recaptured depreciation.
June 5, 2019
11:57 AM
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Investors & landlords
California taxes both capital gains and depreciation recapture at regular income tax rates.
June 5, 2019
11:57 AM