In 2016 I sold a house in the UK which had been rented for 5 years. So no 250K exclusion. Depreciation recapture quite large as well. My question is RE the tax bracket for capital gains. I have little other income for 2016, so I am assuming I will be in the 15% capital gains bracket, but does the profit from the house sale itself or the depreciation recapture push me into a higher bracket? I believe the depreciation recapture is a straight 25%.
Thx
Srt