depreciation recapture:

[Jackie Jerndal]

My question is:

If I lived in my 2 family rental property for 2 years out of the 10 years i owned it, do I still owe depreciation recapture taxes.

[Steven Hamilton II]

Originally posted by @Jackie Jerndal:

yes i did sell it and my accountant sais i owe all ten years of depreciation tax at 18Kper year at 25% plus my capital gain at 15%

 You pay UP TO 25% on the recapture up to your original basis. On the amount over your original basis you will pay capital gains.