August 26, 2021
CNN Business quoted Tax Partner Peter Buell in an article about important considerations before becoming a landlord.
CNN Business
By Jeanne Sahadi
Excerpt:
…when you sell your property you will be subject to what’s known as “depreciation recapture,” which will reduce some of those depreciation deductions, and you will be subject to recapture even if you never took deductions for depreciation, Buell said. This kind of complexity — and the fact that it can take years to realize all your tax benefits in full — is why he suggests you always have good financial reasons for investing in a rental property that go beyond any potential tax benefit. “It has to be economically beneficial, too.”
