Bennie,I recommend finding an accountant that specializes in real estate taxation over one that is local.

Will I owe the "depreciation recapture tax at the 25% rate" no matter whether the capital gains is under the 500k limit (married filing jointly)?

Mark,I recommend finding an accountant that specializes in real estate taxation.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

@John Schumana 1031 exchange will likely be your best option depending on how much gain is being deferred.Regarding taxation by both California and Oregon, that is slightly true but California will give you a credit for taxes paid to Oregon.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

You likely want to work with a CPA who specializes in real estate taxation and multi-state taxation.New Jersey state tax laws are one of the more complex in the country, it may be best suited to connect with a NJ CPA or one in the tri-state area.Good luck to you in your search.