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Investors & landlords
@Zeek77 wrote:My tax bracket is 22%, and that is what it is using against the 48K in depreciation I took. I thought it was 25%, or is that a maximum limit only, and it can be less if your tax bracket is less?
It is taxed at your regular tax rate (22% in your case), UP TO 25%. So it is doing it correctly.
May 2, 2021
11:17 AM