If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

posted

Connect with an expert

2 Replies

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

no, the max is 25% but you'll pay less if you are in a lower tax bracket.

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

what i meant is, suppose i get 10,000 in rental income and 20,000 in deprecation. I will ended up paying tax for 20,000, not 10,000, which seems unfair.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

Do you have an Intuit account?

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

If my rental income is less than depreciation and my income is more than $100,000, will i over pay tax on depreciation recapture? how to fix it ?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert