Why Rental Properties Are Not Good Investments

Why Rental Properties Are Not Good Investments

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There are several rules to know when finishing a 1031 change concerning the acquired property and the timetable concerned. Be sure to do your homework (or seek qualified advice) before beginning the process. As we simply noticed, the depreciation deduction could make a big dent in your tax bill. The caveat is that when a business property is sold, the IRS primarily takes that tax profit back via a tax often known as depreciation recapture.