Selling a rental property
Varies
Can You Write Off Selling a Rental Property?
Short answer: Gain is capital gain, but depreciation you took (or could have taken) is recaptured at up to 25%.
Selling costs like commissions reduce the gain.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
BW-B23-00639
medium risk
Selling a rental property
Varies
Real Estate / Landlords / Property Managers / Agents
Rent & Facilities
Rental Property Write-Offs
Gain is capital gain, but depreciation you took (or could have taken) is recaptured at up to 25%.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Gain is capital gain, but depreciation you took (or could have taken) is recaptured at up to 25%. Selling costs like commissions reduce the gain.
Category
- Rental Property Write-Offs
rental property
search demand 2026 b23
rental income
buying selling rental