You have to recapture depreciation. ** -- Hokieesith 06/08/2023 1:45PM Assumed so but read something that seemed otherwise. Thanks ** -- 81_Hokie 06/08/2023 2:02PMInsert a Link
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You have to recapture depreciation. ** -- Hokieesith 06/08/2023 1:45PM Assumed so but read something that seemed otherwise. Thanks ** -- 81_Hokie 06/08/2023 2:02PM Here is a link to an article that you may find of interest -- nokeneck 06/08/2023 1:36PM What happens if you sell it as a rental property? -- Zhoo 06/08/2023 1:58PM Another link re Rental conversion to primary residence. You are -- nokeneck 06/08/2023 2:08PM It's been a while, but I believe the depreciation recapture at -- Shenhoo 06/08/2023 1:13PM Seems like it would have to be that way but I read something the other day -- 81_Hokie 06/08/2023 1:49PM I think that’s right. Trying to figure out what to do with mine. -- BocaHoo91 06/08/2023 1:34PM Is your rental in an LLC? ** -- Zhoo 06/08/2023 1:54PM No ** -- BocaHoo91 06/08/2023 2:04PM Why not? -- Zhoo 06/08/2023 2:07PM Probably laziness more than anything. I don’t -- BocaHoo91 06/08/2023 2:20PM You don't need to have one. Usually the reason for an -- Hokieesith 06/08/2023 2:19PM I was under the impression you can do alot more with "business write offs" -- Zhoo 06/08/2023 4:17PM You can write off anything business related with or without an LLC. -- BocaHoo91 06/08/2023 5:13PM But dont you pay less taxes in an LLC than not in one? -- Zhoo 06/08/2023 10:35PM Correct. It doesn’t make a difference for write offs. -- Hokieesith 06/08/2023 8:01PM Not really. LLC's are filed from a tax standpoint as a -- Shenhoo 06/08/2023 4:24PM Thanks for confirming my exact thoughts on why I haven't bothered -- BocaHoo91 06/08/2023 3:52PM Yeah. I will unload some rental property at some point -- Shenhoo 06/08/2023 1:46PM I definitely can’t do it this year. All my unvested stock -- BocaHoo91 06/08/2023 2:14PM