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-   -   Effect of deptreciation on home sale (https://www.askmehelpdesk.com/showthread.php?t=738670)

  • Mar 11, 2013, 03:49 PM
    russmacmann
    Effect of deptreciation on home sale
    I purchased a home for $127,500 and rented it for 15 years taking a total deoreciation of $57,500 leaving an adjusted cost of $70,000 . The home is due to be sold for $80,000 leaving a net gain of $10,000. Is it correct that the total tax on this sale will be 25% of the net gain or $2500.

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