Long Term Capital Gain at 0%?

[Bruce Reeves]

Please someone verify if I have this right. I may sell my rental property this year or next. But of course taxes are a big part of that decision. Just retired, actually just got laid off, but planned to retire this time next year. So this is close enough. Based on my adj basis and estimated sales price my gain will be 200k. Do I take 25% x my accumulated depr of 75k and 125k (200-75) x cap gain rate? I am reading for single filers, the cap gain rate is 0% with income under 40k. I'll be under that this year. Two questions - 1) does the sale count as income to push me into the 15% cap gain rate? 2) If I have a long term loss carry fwd of 19k can I use all of it to offset the L-T gain tax?