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Old 11-24-2019, 03:30 PM   #21
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My bad. I referred back to the OP and saw that property was a rental...
It's my fault for threadjacking. Easy to get confused when that happens.
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Old 11-25-2019, 07:00 AM   #22
Recycles dryer sheets
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Originally Posted by RunningBum View Post
I shouldn't have side tracked this thread. Apologies to Earl E. if their questions are not yet answered.
No worries. I got the helpful answers I was looking for.

I learned 2 things that affect my situation:
1) There is no way I will get 0% capital gains rate since I did not realize that this includes all regular income as well. So, 15% it is.
2) the 25% is a max rate on capture depreciation. So, it is possible I pay 15% on that amount. Although that is the smaller of the taxable hits.

Feel free to hijack the thread away
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