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Strategies & Market Trends : Dividend investing for retirement

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To: DaYooper who wrote (31018)4/4/2019 1:21:44 PM
From: E_K_S1 Recommendation

Recommended By
JimisJim

   of 34328
 
It's going to be big as the recapture is taxede as ordinary income. I believe taxpackagesupport.com for APU once you log in, has a calculator (you need to register). What they provide is you new cost basis based on the amout of deprecition recapture.

The amount of recapture is taxed as if ordinary income. The calculator s/d show you long term capital gains and the recapture amount. If you owned this a long time (over 7 years) the recapture will be pretty large.

Good Luck and one of the downsides to owning MLP's that do a forced merger and/or conversion back to C corp.

EKS
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