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  2. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.

  3. Disposal tax effect - Wikipedia

    en.wikipedia.org/wiki/Disposal_tax_effect

    Disposal tax effect (DTE) can also be negative if our asset is sold for a price greater than its purchase price but it is also equal to sum of the two tax effects. If an asset has been fully depreciated (when the aggregate tax deductions are equal to the original cost of the asset) there are no additional tax implications placed on the asset.

  4. Thinking of Moving In? How to Turn Your Rental Property into ...

    www.aol.com/finance/convert-rental-property...

    In addition, the deferred $100,000 of capital gains from the sale of your initial investment property and the $30,000 of depreciation recapture taxes are in play. Tax Implications Therefore, you ...

  5. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    This would result in a gain of $50,000, on which the investor would typically have to pay three types of taxes: a federal capital gains tax, a state capital gains tax and a depreciation recapture tax based on the depreciation he or she has taken on the property since the investor purchased the property.

  6. How to Avoid Capital Gains Taxes on a Land Sale - AOL

    www.aol.com/finance/avoid-capital-gains-taxes...

    The table below breaks down 2022 long-term capital gains tax rates: 2022 Long-Term Capital Gains Rates Capital Gains Tax Rate Taxable Income (Single) Taxable Income (Married filing Separately ...

  7. Capital gains tax on real estate and selling your home - AOL

    www.aol.com/finance/capital-gains-tax-real...

    You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married and filing jointly.

  8. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    This provision is said to give a taxpayer the "best of both worlds" as it allows the favorable capital gains tax rate on section 1231 property while avoiding the negative implications of capital loss treatment. Ordinary losses are 100% deductible, while capital losses are subject to an annual deduction limitation of $3,000 against ordinary income.

  9. Avoid Capital Gains Tax When Selling a House - AOL

    www.aol.com/avoid-capital-gains-tax-selling...

    Taxes come into play almost any time you make money. So, if you make a profit off the sale of your property, you’ll probably run into capital gains tax.For example, if you purchased a property ...