Posted by Russ Sims on April 16, 1999 at 22:35:01:
According to Sheets, yes; you can depreciate the value of the investment property, but think of this as an interest free “loan”. Because when the property is sold, you’ll get the pleasure of paying capital gains to uncle sam on the amount that was depreciated.
depreciation - Posted by tomek
Posted by tomek on April 14, 1999 at 13:25:33:
Can anyone tell me if the depreciacion the owner of the inestment real estate has been “collecting” from IRS in the process of amortization of the property, is treated at the time of selling that property as gain and added to the capital gains from the apreciation of the property?
Thanks,
Thomas