Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
September 2006

Word Count:



Taxable Parts of Rental Property Sale

First, I have been a subscriber for over 10 years… thank you! I have a rental property that I bought in 1995 for $118,500. I am about to sell it for $199,900 with $6,000 in closing costs. I will take back a second mortgage in the amount of $19,400 for five years at 10% interest. I have claimed $50,000 in depreciation deductions. How will this be taxed? (J.W., Grand Rapids, MI)


Here are six technical things you ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development