thank you njrookie, please one more question below

回答: remember for the recapped depreciation, ...njrookie2015-03-31 11:08:31

Is this right?
your net sales price of $500,000 and subtracting your adjusted tax basis of $290,920 (which is original cost, $400,000, minus accumulated depreciation, $109,080). The result is your $209,080 capital gain. At the 15 percent tax rate, your long-term capital gain tax liability is $31,362.

My understanding is just 500k minus cost base 400k=100k as capital gain, so 100k X 20% as long term capital gain tax, then recap $109080 X25% as recap tax, Right?

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I find another case, it was done another way -meowi- 给 meowi 发送悄悄话 (640 bytes) () 03/31/2015 postreply 11:52:19

I think your second computation correct -njrookie- 给 njrookie 发送悄悄话 njrookie 的博客首页 (311 bytes) () 03/31/2015 postreply 11:53:25

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