Real estate tycoons pay little or no taxes
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2019 Apr 25, 11:16am 421 views 2 comments
by tovarichpeter ➕follow (6) 💰tip ignore
https://www.bloomberg.com/news/articles/2019-04-24/want-to-make-millions-and-pay-no-taxes-try-real-estate
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1
blahblah
2019 Apr 25, 4:38pm
This article is misrepresenting facts. Depreciation is taxed upon sale. It is called 'depreciation recapture'. You can read about it here: https://www.wgcpas.com/405-tax-matters-tax-implications-of-depreciation-recapture-when-selling-real-estate/
Lefty 'journalists' are always angry about others wealth. If it bothers them so much then here's an idea: Don't be a journalist.
Lefty 'journalists' are always angry about others wealth. If it bothers them so much then here's an idea: Don't be a journalist.
2
HeadSet
2019 Apr 26, 7:07am
HeadSet
2019 Apr 26, 7:07am
This article is misrepresenting facts. Depreciation is taxed upon sale. It is called 'depreciation recapture'.
Yes, and you cannot depreciate land, just the improvements.
Yes, and you cannot depreciate land, just the improvements.
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