Business, 05.05.2020 04:20 yoboi33

Same info as last 2 questions: 5 years ago you purchased a small apartment complex for $1 million. You borrowed $700,000 at 7% for 25 years with monthly payments. The original depreciable basis was $750,000 and you have used 27 1/2 years of straight line depreciation over the 5 year holding period. Assume no CAPX have been made since the property was acquired. If you sell the property today for $1,270,000 in a fully taxable sale. Over the entire five-year holding period, how much were your taxes from rental operations reduced by the annual depreciation deductions? Ignore the increased taxes due on sale.

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Business, 22.06.2019 02:10, dakodahepps

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Business, 22.06.2019 06:50, jungcoochie101

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Same info as last 2 questions: 5 years ago you purchased a small apartment complex for $1 million. Y...