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by 0000011111
1408 days ago
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Ya I think you are leaving out the concept of Deprecation Recapture. In short, if I buy the rental property for $10. Deprecate it to $0 over 27.5 years. Then Sell it for $20. I then haft to pay taxes on the sale of the profitable asset. ######
Depreciation recapture is a tax provision that allows the IRS to collect taxes on any profitable sale of an asset that the taxpayer had used to previously offset taxable income
###### https://www.investopedia.com/terms/d/depreciationrecapture.a.... |
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