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Real Estate
Reply to "Is renting a place out worth it considering the Depreciation Recapture Tax? "
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[quote=Anonymous]What if you never claim depreciation -- just pay taxes each year on the income from the rent? Then when you sell the property, you pay capital gains tax on the sale amount minus what you paid for it? If you're bringing in more rent each year than you are spending on mortgage/insurance/taxes/maintenance, and if the land appreciates in value, you still come out ahead, right?[/quote]
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