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Investors & landlords
It would be very rare for anything to be on Line 26. The rental property itself rarely has depreciation "recapture". It has "Unrecaptured Section 1250 Gain", which as you pointed out, is taxed at your regular tax bracket, up to 25%.
Line 19 of Schedule D will show your "Unrecaptured Section 1250 Gain".
‎February 26, 2021
10:20 AM