ilmscore | Prediction Details
"so up to the extent of $50,000 of gain you will pay taxes at a rates of 25% on the first $50,000 of gains the excess the remaining $60,000 of gains in this example will get taxed at your long-term capital gains rates of 15%"
By ClearValue Tax | August 13, 2019 | Pending
From video
Sale of a Rental Property Tax Consequences & Depreciation Recapture 00:10:56 - 00:11:14
Interpreted Prediction
When selling a rental property with a gain, the portion of the gain attributable to depreciation recapture will be taxed at 25% up to the amount of depreciation claimed. Any remaining gain will be taxed at the long-term capital gains rate of 15%.

Prediction Details

Topic
Depreciation Recapture Tax Rate Application

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.