Discussion:Capital Gains on Rental property
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| Revision as of 18:41, 3 August 2006 Smfbookkeeping (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 18:56, 3 August 2006 MSTguy (Talk | contribs) (Yes and no. For) Next diff → |
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| {{ForumNewPost|UserID=Smfbookkeeping|Date=3 August 2006|Text=Can anyone tell me if the capital gains tax rate is the same for the sale of rental property as for stock sales? I can only find information if there was a loss on the sale of the rental property. }} | {{ForumNewPost|UserID=Smfbookkeeping|Date=3 August 2006|Text=Can anyone tell me if the capital gains tax rate is the same for the sale of rental property as for stock sales? I can only find information if there was a loss on the sale of the rental property. }} | ||
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| + | {{ForumReplyPost|UserID=MSTguy|Date=3 August 2006|Text=Yes and no. For any depreciation taken on the rental property, that amount of gain is unrecaptured 1250 gain taxed at 25%. Any excess gain is taxed at normal capital gains rates.}} | ||
Revision as of 18:56, 3 August 2006
Discussion Forum Index --> Tax Questions --> Capital Gains on Rental property
Smfbookkeeping (talk|edits) said: | 3 August 2006 |
| Can anyone tell me if the capital gains tax rate is the same for the sale of rental property as for stock sales? I can only find information if there was a loss on the sale of the rental property. | |
| 3 August 2006 | |
| Yes and no. For any depreciation taken on the rental property, that amount of gain is unrecaptured 1250 gain taxed at 25%. Any excess gain is taxed at normal capital gains rates. | |
