Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on June 12, 2003

Tax ‘Fairness’ Feud Rages On



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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