Tax Guru-Ker$tetter Letter
Thursday, June 12, 2003
New Tax Law Has a Catch: Depreciation Recapture Rate Is Unchanged - This catches a lot of people by surprise. The 25% Federal tax on depreciation recapture is usually higher than the normal capital gain tax. It is a crucial issue to evaluate when deciding to dispose of property as a taxable cash-out sale or to do a Section 1031 tax deferred exchange.
Sleep? Play Golf? Pay Your Bills Late? You May Be a Patron of the Arts - Hidden taxes are literally everywhere.
Lower Capital-Gains Tax Boosts Attraction of Custodial Accounts
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