How much taxes do I have to pay when you sell commerical property ...

Question by Bob : How much taxes do I have to pay when you sell commerical property ?
A family member wants to sell a commerical property. How much capital gains taxes or do you have to pay if you sell? Best answer:

answer by the tax lady
If they owned if for more than a year, the gain from appreciation is 15% and the gain from depreciation is 25% to ordinary income rates Depending On how it?s classified.

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