Rented out a house for the last 17 years. I sold it in Oct. 2022. I want to know taxes (recapture depreciation and capital gains) I may have to pay for 2022. How to do?

[Mike9241]

use Turbotax 2022 tax estimator, NOTE IT IS AN ESTIMATE. actual taxes will depend on actual numbers and possibly any changes in the tax laws that affect 2022. 

https://turbotax.intuit.com/tax-tools/calculators/taxcaster 

depreciation recapture can go as high as 25% but can be lower based on your other taxable income

capital gain can be up to 20% but that too depends on your other income

finally, there are other possible taxes depending on your tax situation such as alternative minimum tax and tax on net investment income

[Hal_Al]

Try this tool https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1. Enter your regular income first to see the regular tax. Then add the sale to see the effect.
Enter the difference between the sale price and what you paid for it originally as a long term capital gain (LTCG). Enter the depreciation you've taken over the years (depreciation "recapture") as other income. Depending on how much total income you have LTCG are partially taxed at 0%, 15%, 20% and/or 23.8%. Depreciation recapture is taxed at your marginal rate, but not more than 25% (the Taxcaster tool is not capable of applying the 25% cap).

[Critter-3]

Note for the 2022 return ****  follow the screen instructions carefully in the Sch E section to indicate the property was sold  and then sell off all the assets listed.  You will ONLY enter the sale here in the Sch E  asset section ... do NOT also enter it later in the sale of business assets section unless you want to pay taxes on the sale twice 😉