Your accountant hones this down and creates a new depreciation schedule for the additional property using the 8824 as the basis for creating the new reporting.Bottom line - as long as you purchase at least as much as you sell and use all of the cash proceeds in the next purchase or purchases all of the gain/basis/tax rolls forward into the new property where it continues to be accounted for until realized or eliminated through a primary residence conversion or death.

What if your real estate empire was alive with self-managment and could live beyond you and your wife's death.  

I looked at a park a few years back, where the owner was writing off huge chunks of his personal helicopter. last thing- owner financing can be great- or the kiss of death.

Give us Liberty, or Death!

I know the issue of LLC's has been beaten to death around here, but I am having trouble finding the answers to some of my concerns.

This means that I don't nickel and dime them to death and I give them the time they need to do a good job.

Merely, a week or two after death most surviving family members begin to explore their plans for making the adjustments needed and assessing what resources are required and similar thoughts.Never send insincere condolence cards or sympathy notes.

If any person takes any adverse action with respect to any consumer that is basedin whole or in part on any information contained in a consumer report, the person shall (1) provide oral, written, or electronic notice of the adverse action to the consumer;(2) provide to the consumer written or electronic disclosure(A) of a numerical credit score as defined in section 609(f)(2)(A) used by such person in taking any adverse action based in whole or in part on any information in a consumer report; and(B) of the information set forth in sub-paragraphs (B) through (E) of section 609(f)(1);(3) provide to the consumer orally, in writing, or electronically (A) the name, address, and telephone number of the consumer reporting agency (including a toll-free telephone number established by the agency if the agency compiles and maintains files on consumers on a nationwide basis) that furnished the report to the person; and(B) a statement that the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the consumer the specific reasons why the adverse action was taken

Side note, if big ol' branches are falling at seemingly random times you must want to make sure the tree is not knocking on deaths door.

It actually froze me as the financial and personal toll was a shock, and I stopped investing in RE at the time, as I lost a lot of money and burned my reserve.