. - don't confuse it with tax saving - the CSS allows you to accelerate depreciation (you get more of it sooner, and less of it later) so you have to factor that in in your tax strategy- it's good to have CSS done when you replace an item (you'll be able to claim loss deductions)- there is also an inheritance benefit - your heirs will benefit from a CSS in place.Maybe @Wes Mabry can offer more advice.

Only time it's capital gains is if it wasn't intended to be a transaction for profit - For example...if you inherit a house, fix it up and sell it.

While some states may have say a 12 month redemption period, it is lessened or eliminated if the property was vacant at the time of the foreclosure auction.

Here are my specifics:Facts:An inherited property is owned by 2 people as 'Joint Tenants' rather than 'Tenants in Common'.

Hey Everybody, When I purchased my duplex I inherited tenants.

When you inherit a tenant far below market it is usually best if you find a new tenant rather than trying to work with a existing tenant.

One inherited tenant actually shared that she was often late with rent because she just forgot - until the prior owner called.

So I inherited a squatter at closing.He was listed as “boyfriend” of previous tenant on lease I inherited from seller.Problem is that lease expired May 2018.The original tenant on the lease moved out on expiration of lease and i never met her.Now this boyfriend is late on rent.He’s technically not on lease.I’m planning to ask my agent to post a 3-day notice on Monday.But I’m not sure that even applies as technically he’s not my tenant as he never signed a lease.Has anyone dealt with this situation?

We inherited some shady tenants that our property manager has gotten rid of and done a LOT of work to move in better tenants, but, on top of needing to be subdivided, it is currently nickel and diming us to death, plus we need two new roofs and all of the central AC units need to be replaced soon.

I unfortunately inherited 3 problematic tenants that are routinely late but as of now only one of my tenants have not paid despite 3 day notices and so forth.