Comments on: Tax Benefits of Depreciation for the Real Estate Investor http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/ In Pursuit of the American Dream Wed, 08 Sep 2010 00:01:57 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Motivated Sellers http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-14462 Motivated Sellers Sat, 14 Aug 2010 20:01:12 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-14462 This is a great post on the tax benefits of depreciation. Too bad they don't let you deduct the depreciation expense for your personal residence. This is a great post on the tax benefits of depreciation. Too bad they don’t let you deduct the depreciation expense for your personal residence.

]]> By: Cam http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-10225 Cam Thu, 20 Aug 2009 13:41:22 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-10225 Would like to know more on depreciation in Canada. I run a business that prepars depreciation schedules in Australia based on a quantity surveyor's estimate of the building construction costs. Generally the depn rate is then taken over 40yrs @2.5%. Depreciation is recaptured when the property is sold however this is generally reduced by 50% via capital gains tax if you keep the property for more than a year and if you live in the property and then sell your capital gains tax is nil (hence no depn recapture) as it is no longer an investment property. Interested in the Canada situation as am moving there? Also Plant items like stoves, Air conditioners are depreciated at higher rates. Is this the same for Canada? Would like to know more on depreciation in Canada. I run a business that prepars depreciation schedules in Australia based on a quantity surveyor’s estimate of the building construction costs. Generally the depn rate is then taken over 40yrs @2.5%. Depreciation is recaptured when the property is sold however this is generally reduced by 50% via capital gains tax if you keep the property for more than a year and if you live in the property and then sell your capital gains tax is nil (hence no depn recapture) as it is no longer an investment property. Interested in the Canada situation as am moving there? Also Plant items like stoves, Air conditioners are depreciated at higher rates. Is this the same for Canada?

]]> By: loan settlement: Calculating Depreciation for Residential Real Estate Investments « eny8.com.cn http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-6000 loan settlement: Calculating Depreciation for Residential Real Estate Investments « eny8.com.cn Tue, 10 Feb 2009 07:01:37 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-6000 [...] Tax Benefits of Depreciation for the Real Estate Investor [...] [...] Tax Benefits of Depreciation for the Real Estate Investor [...]

]]> By: Scottsdale Condos http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-1264 Scottsdale Condos Wed, 02 Jul 2008 17:04:00 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-1264 Great post, I really enjoyed it. I will have to bookmark this site for later. Great post, I really enjoyed it. I will have to bookmark this site for later.

]]> By: Mike-TWA http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-731 Mike-TWA Sat, 23 Feb 2008 15:41:36 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-731 Troy, Great point. For the rest of our readers, check out this article that emphasizes the point: http://www.twowiseacres.com/2007/09/05/5-tax-free-ways-to-make-money-with-real-estate-investing/ Troy, Great point.

For the rest of our readers, check out this article that emphasizes the point:

http://www.twowiseacres.com/2007/09/05/5-tax-free-ways-to-make-money-with-real-estate-investing/

]]> By: TROY http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-730 TROY Sat, 23 Feb 2008 14:50:14 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-730 One way to get around the recapture fee is to never sell your rentals. Refinance them and let your kids take over the business. One way to get around the recapture fee is to never sell your rentals. Refinance them and let your kids take over the business.

]]> By: Alex Morrow http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-257 Alex Morrow Sun, 23 Dec 2007 06:34:18 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-257 I would love it if you did a follow-up to this article that described what happens when you sell your properties that you previously depreciated for several years. Maybe include some ways to avoid the IRS from hitting you hard in texes! I would love it if you did a follow-up to this article that described what happens when you sell your properties that you previously depreciated for several years. Maybe include some ways to avoid the IRS from hitting you hard in texes!

]]> By: Sods http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-254 Sods Fri, 21 Dec 2007 20:24:38 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-254 25% a year? that isn't bad i guess, I would just be afraid to push myself into a higher tax bracket. I guess caution and planning are always the key in taxes. 25% a year? that isn’t bad i guess, I would just be afraid to push myself into a higher tax bracket. I guess caution and planning are always the key in taxes.

]]> By: Fixemup Terry http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-252 Fixemup Terry Fri, 21 Dec 2007 04:29:33 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-252 Good article. Very informative. I like your easy-to-follow examples. Good article. Very informative. I like your easy-to-follow examples.

]]> By: Mike-TWA http://www.twowiseacres.com/taxes/tax-benefits-of-depreciation-for-the-real-estate-investor/comment-page-1/#comment-251 Mike-TWA Thu, 20 Dec 2007 20:48:15 +0000 http://www.twowiseacres.com/2007/12/19/tax-benefits-of-depreciation-for-the-real-estate-investor/#comment-251 Sods, Indeed we do have depreciation recapture, and the amount of gain representing prior years' depreciation is subject to 25% depreciation recapture unless the sale is part of a like-kind exchange. But even if depreciation now is subject to depreciation recapture, the deferral of taxes itself represents some true gains. Sods, Indeed we do have depreciation recapture, and the amount of gain representing prior years’ depreciation is subject to 25% depreciation recapture unless the sale is part of a like-kind exchange. But even if depreciation now is subject to depreciation recapture, the deferral of taxes itself represents some true gains.

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