What is my tax liability for the sale of a property that was not a home?

[leeloo]

If you sold rental property, you must recapture the depreciation which is generally taxed at 25%. If you had additional capital gain, it is taxed at capital gain rates. If you sold a second home, it is taxed at capital gain rates.

[SweetieJean]

Was it a commercial building, or raw land?

[Hal_Al]

Q.  What is my tax liability for the sale of a property that was not my primary home?

A.  Simple answer: If owned more than 1 year, long term capital gains (LTCG) rates. LTCG are partially taxed at 0%, 15%, 20% and/or 23.8%, depending on how much (and type of)  other income you have.

Depreciation recapture, if any,  is taxed at your marginal (ordinary income) rate, but not more than 25%.

If you sold at a loss, capital losses on personal use property (e.g. vacation home) are not deductible. Losses on investment property are deductible.