I've been studying up on depreciation recapture taxes pretty heavily the last few weeks and feel like I have a decent grasp of it except for a couple things.
1) Some sources I see say that your recapture is taxed at a flat 25% regardless of income, and other sources claim it is taxed at your ordinary rate with 25% being the maximum.
2)Do you recapture depreciation on improvements (roof, flooring, appliances etc.) as well as the structure or only the structure?