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Investors & landlords
Thanks!
I see that the depreciation shows up in the 1040 line 7 (Capital gain or (loss). Attach Schedule D if required).
So I guess it is taxed as my current tax rate and not the 25% that I have read about.
I did not see the Form 4797 (Sales of Business Property) which makes sense since I am selling my primary residence.
‎September 29, 2022
12:46 PM