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| *Loan,banking and credit>>>tax bracket |
Upon selling a business property, what tax bracket does the depreciation & long term gains fit into? |
I have heard depreciation fits into one formula and long term cap gain fits into another can be complex depending upon the situation. the depreciation is recaptured at ordinary rates and the gain above that is capital gain. Accelerated vs. straight line also comes into play here. difficult to explain in specifics since no example was given. see irs.gov form 4797 |
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