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Let's assume the annual depreciation expense is $22,328. Your investment period is five years. Your capital gain tax rate is 20% and the tax rate
Let's assume the annual depreciation expense is $22,328. Your investment period is five years. Your capital gain tax rate is 20% and the tax rate applied to the depreciation recapture is 25%. If your taxable gain is $150,000, then what should be your taxes due on sale when you sell your property after five years? A) $27,910 B) $7,672 C) $22,328 D) $38,360 E) $35,582
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