Stepped-up Basis is what makes all of the deferred taxes on the Capital Gains and the Depreciation Recapture go away. This happens when you pass your property to your heirs. Stepped-up Basis turns “tax-deferred” into “tax-free.” But before we look at Stepped-up Basis,...
Category
Depreciation
2 articles
How Do I Handle the Personal Property in a Section 1031 Exchange?
Overview Almost every investment property that you buy or sell comes with more than just the real estate. A rent house has a stove and a refrigerator. A Duplex has window units and a water heater sitting on the floor. An apartment building has laundry equipment,...