720479
about how to find out depreciation recapture tax rate , I found two very different articles.
one told me the rate is ordinary rate, the other told me is 25%. from other post of this forum, it says maximum is 25%.
could someone tell me, how the rate actually works out?
You'll need to sign in or create an account to connect with an expert.
Recapture is taxed as ordinary income rates not to exceed 25% ...
So if your ordinary rate is 10% then the recapture is 10%... But if your rate is higher than 25% the recapture portion will be capped at 25%
Recapture is taxed as ordinary income rates not to exceed 25% ...
So if your ordinary rate is 10% then the recapture is 10%... But if your rate is higher than 25% the recapture portion will be capped at 25%
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.