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This, when I lived in my apartment, I'd save 300$/year on 10k of property taxes. When I rented it, I got a 30k/yr deduction for depreciation - between that and
by abofh 5y ago
This, when I lived in my apartment, I'd save 300$/year on 10k of property taxes. When I rented it, I got a 30k/yr deduction for depreciation - between that and rent, it basically pays for itself right out of the gate as long as I have the income to use the deductions.
- wing-_-nuts 5y agoDon't you have to pay back that depreciation when you sell unless you enter some kind of complicated 1030 agreement?
- _rtld_global_ro 5y agoYou can use 1031 exchange to avoid that.