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re: Being a Landlord
Posted on 8/2/22 at 7:43 am to trident
Posted on 8/2/22 at 7:43 am to trident
If your plan is to sell it down the road be careful with depreciation. I've known a lot of people that get in a bind because they leverage rentals to buy more rentals, and then want to sell and they're actually upside down because of taxes on depreciation recapture. It's a nasty little trap.
Bottom line - depreciation seems like a great deal on your taxes - but it doesn't last.
Bottom line - depreciation seems like a great deal on your taxes - but it doesn't last.
Posted on 8/2/22 at 8:46 am to cable
quote:
If your plan is to sell it down the road be careful with depreciation.
Can you explain?
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