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Updated over 3 years ago on . Most recent reply

User Stats

31
Posts
10
Votes
Terry Wheeland
  • Flipper/Rehabber
  • Palm Coast, FL
10
Votes |
31
Posts

Depreciation Recapture in 2021 or 2022?

Terry Wheeland
  • Flipper/Rehabber
  • Palm Coast, FL
Posted

Hey, BP!  I looked through the threads, but I need some expert advice.  We are selling one of our rental properties, and we'll have some recapture.  If I know that my overall income will be quite a bit more in 2022 because of some non-real estate projects, doesn't it make sense for me to make sure that we close this rental by the end of 2021 so that everything is taxed at a much lower overall tax level?  Thanks!

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