I am selling my Rental House which I've been depreciating each year for nine years now. What tax rate would I be hit with recapturing all my depreciation when I sell the house?
Your federal and any state capital gain taxes and your depreciation recapture would be "deferred" if you structured the transaction as a 1031 exchange transaction.
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Depreciation recapture rate is 25%
Your federal and any state capital gain taxes and your depreciation recapture would be "deferred" if you structured the transaction as a 1031 exchange transaction.