What is tax depreciation rate?

What is capital gains tax rate on a rental property you have not claimed any depreciation on?

  • Answer:

    There is no easy answer because the tax rate can vary depending on when you acquired the property, how long you held it and also prior use of the property.  Even though you did not depreciate the property you could still be subject to higher tax rates due to recapture on depreciation that you could have taken depending on the nature of the property. Sorry but without a lot more information to define the variables, it is impossible to tell you the correct answer..

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