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by smileysteve
1842 days ago
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These two statements contradict > They end up with a 30 year old house that has been rented. There is a lot of cost in the upkeep of a rented house. > you then have to pay the taxes on it when you sell the place. Owners only pay taxes if the gain is greater than the depreciated loss; (and if owner doesn't 1031 exchange it for another property to lose money on) so, the premise that a rented house has lost value shouldn't really intersect with a capital gain. |
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