https://ttlc.intuit.com/community/taxes/discussion/cap-gain-q/01/2564031#M953823 <P>we bought a house as a primary residence in1997, lived in it for 6 years. then turned it to a rental property., up to the time we sold it in Jan 2021, how is the gain calculated?</P><P>How is depreciation recapture calculated?&nbsp; &nbsp;&nbsp;</P> Mon, 09 Mar 2026 08:40:17 GMT taxfarmer 2026-03-09T08:40:17Z https://ttlc.intuit.com/community/taxes/discussion/cap-gain-q/01/2564031#M953823 <P>we bought a house as a primary residence in1997, lived in it for 6 years. then turned it to a rental property., up to the time we sold it in Jan 2021, how is the gain calculated?</P><P>How is depreciation recapture calculated?&nbsp; &nbsp;&nbsp;</P> Mon, 09 Mar 2026 08:40:17 GMT https://ttlc.intuit.com/community/taxes/discussion/cap-gain-q/01/2564031#M953823 taxfarmer 2026-03-09T08:40:17Z https://ttlc.intuit.com/community/taxes/discussion/re-cap-gain-q/01/2564082#M953824 <P>The depreciation is recaptured (becomes taxable) at the entire amount that you took over the years. In general, it is taxed at 25%. Any amount that you sold over and above the purchase price (depreciation apart) is a capital gain and is taxed at a rate according to your AGI.</P> Wed, 09 Mar 2022 17:36:31 GMT https://ttlc.intuit.com/community/taxes/discussion/re-cap-gain-q/01/2564082#M953824 ColeenD3 2022-03-09T17:36:31Z