Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Is renting a place out worth it considering the Depreciation Recapture Tax? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]So we have enough saved up that we could buy a place without selling our present one. (Yea, us!) We would see a pretty big net profit every month if we rented our present place out, so we feel like we should at least explore the options, despite our misgivings about being landlords! (We have heard horror stories. We aren't taking this lightly. But that is a story for another thread.) Anyway. What I want to ask about is this little bugger called, "depreciation recapture tax." Am I right that if we eventually sold our could-be rental, we'd pay a 25% tax rate on the (yearly depreciation we've claimed x the property's asset life span?) plus the overall capital gains tax? And both of those amounts would come out of the sale profit? Ouuuuchhh.... Uncle Sam do take a bite, as my husband says. Then why do so many people rent out their places? [/quote] underwater[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
