HolaDEA
Confused about dryer sheets
- Joined
- Aug 9, 2021
- Messages
- 8
The thing that sucks about selling a rental property is the depreciation recapture. That means that you have to pay tax at ordinary income rates on the amount of depreciation you have taken on the property. I was not thrilled to learn about this, but as long as you invested the tax savings from the depreciation expense every year, you usually come out ahead. I made an Excel template to walk through an example which I'll share.
Edit: oh well, it won't let me attach the Excel template for some reason.
Edit: oh well, it won't let me attach the Excel template for some reason.
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