The 1031 Tax Deferred Exchange in 2021 - Shared screen with speaker view
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When an heir inherits a property at a stepped up basis where depreciation has been used up, does the depreciation restart?
PVPAR Jennifer Goorchenko
Good question, Vicki! ;)
Thought you'd want to know :D
What about your residence, where you are renting rooms? Will that qualify for a 1031 exchange?
If a home has been owned for many years and has a small mortgage and just a couple of years left to depreciate, and you refi to pull out equity to buy more property, how long do you have to hold the property before you can sell?
Question. If a rental property is owned for many years by a married couple who then divorce, will the depreciation clock start over for the spouse who receives the property as part of the divorce settlement?
Question. If 2 people own a property but only one uses it as a primary residence what will happen when they decide to sell? It's a primary residence for one but an investment for the other.
there won't be a rent
no rental income
got it! thanks
It's a great presentation as always!
Great review Phil! Thanks as always! And thanks Allen!
requesting part 2 please