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Sale of a Rental Property Tax Consequences & Depreciation Recapture

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welcome back to our Channel clear Valley

tax my name is Brian Kim I'm a certified

public accountants and today we are here

to talk about the sale of a rental

property so the full equation for

calculating this out is the sales price

minus cost basis will equal your gain

okay so there's three pieces right the

sales price is straightforward the gain

is straightforward it's the cost basis

that trips up everybody or nearly

everybody so we're gonna break this down

for you okay so you have sales price you

have cost basis and you have your game

so the sales price that's a very

straightforward if you sold your

property for 400,000 then your sales

price is 400,000 straightforward there's

no tricks it is what it is it's very

straightforward cost basis okay okay

cost basis here okay these are the


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