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Posted on March 28, 2017 - 01:22 PM
by john kavazanjian
This is a short blog to let you know the IRS expects you to recapture depreciation when you sell a property whether you deducted it or you did not. A 1031 Exchange can be a way of defering it , which is taxed as ordinary income.
Check with your tax professional to find out more about your situation. I am not an accountant nor a lawyer and I do not provide advise for individual situations.
I am a real estate broker and I can answer all of your real estate needs and questions