Vanessa, a seasoned real estate investor in Santa Barbara, is considering selling one of her rental properties. She's aware that the disposition of property involves various tax considerations, such as capital gains, losses, and recapture rules. Her friend Carlos, whom she helped with property acquisition, has recommended consulting an accountant to navigate the complexities of property dispositions. As Vanessa's accountant, how would you guide her through the process of property disposition? What are the key tax considerations she should be aware of, such as capital gains tax, depreciation recapture, and potential losses? How might the sale of her rental property impact her overall tax situation? Could you also discuss any specific California state regulations that might apply to her case? How would you assist Vanessa in making informed decisions that align with her investment goals and tax obligations?