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How much tax you pay when selling a rental property in 2024

WebJul 1, 2024 · Selling rental properties can earn investors immense profits but may result in significant capital gains tax burdens. The capital gains tax rate is 15% if you're married … WebThe amount of your gain attributable to the depreciation deductions you took in prior years is taxed at a single 25% rate. Viola, for example, would have to pay a 25% tax on the $43,000 … trenching competent person

The Tax Liability of Selling an Investment Property Pocketsense

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