#332 The Tax Bill Your Friend Isn't Planning For (And Neither Are You)
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#332 The Tax Bill Your Friend Isn't Planning For (And Neither Are You)
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In this episode, Peter walks through a phone call with a friend who was about to sell a short-term rental and had never once thought about depreciation recapture, a bill that turned out to be bigger and more complicated than expected. He breaks down exactly how recapture is calculated, the part almost nobody catches involving furniture and appliances, and the real options for deferring or offsetting that tax hit.
If you've used aggressive depreciation to lower your taxes now, this episode is about the bill waiting for you later. Tune in!
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