Should I be concerned if Turbo Tax computes my rental depreciation higher this year? - KamilTaylan.blog
20 June 2022 20:38

Should I be concerned if Turbo Tax computes my rental depreciation higher this year?

What is the depreciation recapture tax rate for 2021?

25%

Depreciation recapture is the portion of the gain attributable to the depreciation deductions previously allowed during the period the taxpayer owned the property. The depreciation recapture rate on this portion of the gain is 25%.