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Updated over 5 years ago,

User Stats

11
Posts
2
Votes
Max Zappas
2
Votes |
11
Posts

trading for depreciation

Max Zappas
Posted

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? 

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