Have you ever rented your primary residence to somebody?

[Buckeye]

I don't know the actual tax rate of the recaptured depreciation but it's not treated as capital gains. I think the max rate is 25%. The recapture tax rate would be on the $16,000 in your example. I filled out the forms for the sale of residential real estate in my electronic tax program (TaxAct) so I'm not sure what all the calculations were. All I know is that I wrote a big check to Uncle Sam and to CA.

Don't know the motivation for the passive rules. Seems like I was taking the deductions in lower tax bracket years and paid it all back in a high tax bracket year. The state of CA and the federal government definitely got their share when I sold.

 

[Buckeye]

Do you have a personal referral on the property management company? Tenants are the first things landlords complain about and property managers are the second thing...or maybe it's the other way around.

 

[Peaceful_Warrior]

I do, fortunately. I posted to a local list and somebody responded with exclamation about their current landlord/property manager, whom also is the manager for a property that this person's mother is in. The referral described the way the property manager handles situations they've come across.

Based on the referral, I spoke with the property manager and felt that it would be a good relationship.

Do you have a personal referral on the property management company? Tenants are the first things landlords complain about and property managers are the second thing...or maybe it's the other way around.