Lower Your Taxes

How To Lower Your Taxes by Maximizing Property Depreciation

http://acuherbal.com/?x=viagra-50mg This is a tutorial on how to increase your “depreciable base”. What this means is you can lower your taxes by exchanging property you already own into a new property where you will get a higher depreciation writeoff. Here’s an example:

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http://toolsforwriters.com/?x=aleve-drug-contraindications-with-viagra Let’s say you own an investment property in Carlsbad. You paid $300,000 for it 7 years ago, and now it’s worth $600,000. You did great on the appreciation, and now you can put that equity to work to increase your tax writeoff. Here’s how it looks right now:

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go to site Tax writeoff = $200,000 depreciable at 3.636% a year = $7272. At a 40% tax rate, you’re saving $2,908.80 a year in taxes. (This calculation uses a 2/3 value for the improvements, 1/3 for the land.)

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get link Now lets say you exchange that property and use the $300,000 equity to put 20% down on $1,500,000 worth of real estate. This property could be an apartment building, or several single family residences, or any combination. The point is, you now can depreciate $1,000,000. So the numbers now look like this:


http://alaskafamilylawblog.com/?x=viagra-drug-schedule-classification Tax writeoff = $1,000,000 depreciable at 3.636% a year = $36,360. At a 40% tax rate, you’re saving $14,544 a year in taxes!

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http://rockstarlearning.com/?x=viagra-reviews-drug This is called increasing your depreciable base.

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get brand viagra Disclaimer! I’m not qualified to give tax advice. You need to check with your tax professional to see if it really would work this way in your situation. Some people have limits on the amount of depreciation allowed. This is only an example to show you the possibilities.

http://rockstarlearning.com/?x=quaaludes-drugs-like-viagra If you’d like to discuss some strategies for your real estate investments, call me any time at 760-889-2272.