turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Depreciation recapture tax rate

about how to find out depreciation recapture tax rate , I found two very different articles.

1.https://www.kiplinger.com/article/investing/T054-C032-S014-depreciation-tax-break-has-real-estate-co... 

2. http://www.wgcpas.com/news/alerts/405-tax-matters-tax-implications-of-depreciation-recapture-when-se...

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?

 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Depreciation recapture tax rate

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%  

View solution in original post

4 Replies

Depreciation recapture tax rate

Depreciation recapture tax rate

Depreciation recapture tax rate

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%  

Depreciation recapture tax rate

ok, thx
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies