1031 tax deferred exchange: Depreciation Recapture Upon Sale Of Rental Property - 01/30/10 09:25 AM
It's that time of year again when I receive and answer many tax questions related to the reporting and tax treatment of 1031 Tax Deferred Exchanges, or this year the "lack" of 1031 Exchanges in many cases, on taxpayers income tax returns.
The Tax Man Cometh and Taketh
This year there are many more questions related to the tax treatment of rental properties because many taxpayers merely sold and cashed out and now have significant income tax liabilities. The one income tax issue involved with rental property that is often misunderstood is depreciation recapture.
Depreciation and Depreciation Recapture
Taking depreciation on your … (2 comments)