I am looking to sell my rental house to my son. What type of taxes will I be looking at? It has been depreciated some already (~10 years), and he would also plan to depreciate it. I will be selling for ~25% more than what I bought it for (capital gains?). Would my depreciation be recaptured at ordinary income rates? Yes, I do plan on reaching out to a CPA to verify but wanted to start here.
Thanks
Submitted January 25, 2019 at 10:34PM by wrowe6 http://bit.ly/2HuXEYP
