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Old 01-13-2015, 02:49 PM
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Recaptured depreciation rate

We sold a residential rental property in 2014.
I need to understand the rates for income tax on recaptured depreciation and capital gains.
I have read that the standard 25% and 15% respective tax rates may be reduced if we are in the low (10% to 15%) tax brackets, which we are.
Is this correct?
Do the recaptured depreciation and capital gains amounts combine wit other amounts of income to determine our bracket?
Thanks.



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