Depreciation recapture and passive losses when selling property at a loss?

[Armeen Mazda]

I have a rental property with the following situation:

-$155K of passive carryover losses

-$100K of depreciation taken

-$700K adjusted cost basis (purchase price less depreciation)

- $775K net sale (selling price less realtor fees)

So my question is:

1. Under this situation I owe no capital gains but I owe 25% recapture depreciation x $75K for federal taxes?

2. What happens to the $25K of the $100K total depreciation that wasn't recaptured?

3. Can I still apply the full $155K of passive carryover losses to my ordinary income or will this be reduced by the $25K deprecation that wasn't recaptured?

[Steven Hamilton II]

Originally posted by @Armeen Mazda:

I have a rental property with the following situation:

-$155K of passive carryover losses

-$100K of depreciation taken

-$700K adjusted cost basis (purchase price less depreciation)

- $775K net sale (selling price less realtor fees)

So my question is:

1. Under this situation I owe no capital gains but I owe 25% recapture depreciation x $75K for federal taxes?

2. What happens to the $25K of the $100K total depreciation that wasn't recaptured?

3. Can I still apply the full $155K of passive carryover losses to my ordinary income or will this be reduced by the $25K deprecation that wasn't recaptured?

1. You will only pay the recapture up to that point. 

2.  It is carried forward until such time as it may be applied to a future gain.

3. Yes, that will be applied at such time and NO it will not be reduced by the 25k of un-recaptured depreciation.