The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: neolib who wrote (166401)	11/22/2008 6:32:38 PM
From: BWAC	Read Replies (1) of 306849

<<Sell it and buy another one. >> Ok, cool. So after I deduct the full 70k on my 79k Escalade in year 1, how exactly do I avoid the gain realized (and taxable!!) when I sell it in year 2 for 45k? Basis = Zero after depreciation for simplicity purposes. Gain equals selling price less Basis. The excess depreciation is recaptured and taxed.

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