re: Anybody have rental property at Gulf Shores / Orange Beach?

quote:

---

We took 26 years of losses in 2014 - which was 527K. A significant part of those losses were depreciation expenses, of course... but not all.

---

I am assuming you are speaking of depreciation recapture, couldn't he use a 1031 exchange since the property was not held for personal use?

I wish small scale rental RE owners could be exempted from mandatory depreciation, or at least be able to opt in or out, as when I sell I would likely be doing it to exit direct RE investing entirely and I look at a lot of long term deferred bonds my wife and I have that will be maturing over the next 10 years, like $40-50k taxable income per year, on top of all our other taxable holdings that damn depreciation recapture potential on multiple holdings sucks even if retired.