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iperep
New Member

Pros and cons of selling rental property in California.

What are the cost impacts on selling a rental property in California

2 Replies
Carl
Level 15

Pros and cons of selling rental property in California.

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.
SweetieJean
Level 15

Pros and cons of selling rental property in California.

California taxes both capital gains and depreciation recapture at regular income tax rates.

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