Sold rental house, how do I figure out how much my capital gains liability will be?

suzanne_warden — Tue, 10 Mar 2026 06:12:33 GMT

Re: Sold rental house, how do I figure out how much my capital gains liability will be?

Hal_Al — Sat, 10 Sep 2022 13:47:02 GMT

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).

For a detailed write up on this complicated topic see https://ttlc.intuit.com/questions/2593356-sale-of-rental-property-in-2014. You may want to use professional tax help when the time comes, although TurboTax can handle it

topic Sold rental house, how do I figure out how much my capital gains liability will be? in Get your taxes done using TurboTax

Sold rental house, how do I figure out how much my capital gains liability will be?

Re: Sold rental house, how do I figure out how much my capital gains liability will be?