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Updated over 5 years ago,
trading for depreciation
Would it be wise to sell an asset and 1031 exchange once you've taken the bulk of the depreciation on it? For example, we purchased a portfolio of 142 units and about 20-30% of the purchase price was able to be taken in 5, 7, and 15 year items as a tax write off. If, after 15 years, 20-30% of the value is no longer able to be taken in depreciation, then, wouldn't it be logical to sell so you could get a new asset with new depreciation?