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[[Many years ago I purchased a condominium for a rental unit. It is now fully
depreciated. Am I correct that any proceeds from a sale would be fully taxable(
since basis is now zero). ]] basis can NEVER be zero...since you are not allowed to depreciate the LAND under the condo. But assuming that you went ahead and depreciated the land, then you would be exactly correct that ANY and all sale proceeds would be taxable.

[[If so would they be taxable at my marginal rate, or did I
read in a previous post that the maximum rate for such a sale is 25%.]]

It depends upon what type of depreciation that you originally took on the property. If you took the old ACRS depreciation on the fast track, then it is possible that your "recapture" will be taxed at your marginal tax rate. But if you used a straight line method, it is very possible that you "recapture" will be taxed at the 25% max rate.

You can read more about this in IRS Publication 544 at the IRS web site.

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