Long Term Capital Gains

[Calee2304]

We have a rental property that we bought for $500K and we are selling it for $750K. What long term capital gains am I subject to if our adjusted gross income is $66K? I know for California, we will pay, but what federal rate would be subject to?

[Carl]

use Taxcaster at https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

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[Stinkerbellkity]

As a rental, you will be subject to depreciation recapture, meaning your cost basis is reduced by the amount of depreciation you have taken over the years.  That amount is not taxed at the capital gains rate but as ordinary income at about 25%.