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re: Rental property question

Posted on 1/9/20 at 7:23 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72993 posts
Posted on 1/9/20 at 7:23 pm to
quote:

When you sell it comes back at you in a tax form.



depreciation recapture tax

unless


maybe he needs to just sell, roll into 1031 exchange and buy some rentals correctly to avoid taxation.
Posted by NOLAGT
Over there
Member since Dec 2012
13544 posts
Posted on 1/9/20 at 7:44 pm to
quote:

maybe he needs to just sell, roll into 1031 exchange and buy some rentals correctly to avoid taxation.


That’s what I would do. My parents did that but there houses were paid off. Not sure how it works if there is a mortgage that sounds like a residential loan not a investment one. Does it matter
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