Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

Over the years, I’ve gained hands-on knowledge in a variety of areas, including tax liens, tax deeds, rental properties, and fix-and-flips.

In that case you might save taxes building with them.

I then would have my tax cpa enter in or do it after discussing tax based items (depreciation- MACRS, reserves, year end accruals, reserves, etc.).

I don't think our detroit land bank sale properties with tax liens I would have to look into that. 

My question is do I have to recapture all the depreciation for tax in 2025?

I feel like a Daisy-Chain would muck up my Timeline or even the whole Deal.As long as everything is in writing and I get my Fee, does it matter?

Joint tax return?  

@Jeanette LandI always recommend using a tax professional.