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2 years ago and hopefully next year
I realized I made a mistake in my computations 2 years ago lol
No calls from IRS so I guess my mistake was not consequential
What I learned from the article is that IRS assumes a landlord deducts depreciation even if you choose not to.
Depreciation recapture is annoying because it can add up after 5 or 10 years and is taxed like ordinary income
2 years ago and hopefully next year
I realized I made a mistake in my computations 2 years ago lol
No calls from IRS so I guess my mistake was not consequential
What I learned from the article is that IRS assumes a landlord deducts depreciation even if you choose not to.
Depreciation recapture is annoying because it can add up after 5 or 10 years and is taxed like ordinary income