Restart Depreciation - Ask TaxGuru

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02-08-2023, 04:00 PM

StuckInCleveland StuckInCleveland is offline

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Restart Depreciation

I've heard of landlords completely depreciating a property, then transferring it to another business they have and start depreciation all over again. Is this legal? Or did they owe capital gains at the time of the transfer?

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