Agent

From rental to primary home: Uncle Sam takes his cut

Depreciation recapture costs 25%
Published on Mar 14, 2007

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by CareyBot

DEAR BOB: Is it necessary to make an Internal Revenue Code 1031 tax-deferred exchange before converting a rental house to my personal residence? Is there some way I can avoid that dreaded 25 percent depreciation recapture tax when I sell ...

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