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 (less expense of sale) 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%.
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
Individuals are allowed a deduction from South Carolina taxable income equal to 44% of the net capital gain recognized in South Carolina.
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 (less expense of sale) 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%.
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