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Tax question on sale of an apt building. I should l know

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Question : Tax question on sale of an apt building. I should l know this.. purchase price. 500k. Fully. Depreciated. Lets say. It sells for 2,000,000, its in california . Besides the brokers commission. Whats the depreciation recapture?(25%????) and capital gains fed and ca state?-marty <br /><br /> Answer : <p>Federal capital gain tax rates […]

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