1031: Timing the Market and Minimizing Taxes
- 05/15/17 04:30 PM
With property values back to highs that haven't been seen in several years, many owners are looking to sell their rental properties. However, many are also feeling the pain of depreciation deductions on their taxes. If you own rental property or non owner occupied property, you probably were excited about being able to get a tax deduction for depreciation of your property. In fact, even if you weren't excited about it, the IRS required you to depreciate certain items. Many investors try to accelerate their depreciation and get greater tax write offs. This works fine, provided the investor has an exit (13 comments)
Related Links:
Robert Taylor
Buying and finding solutions for troubled property