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If it is inflation/hyperinflation
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Dirk Diggler
Posted 5/3/2021 13:36 (#8985144 - in reply to #8985106)
Subject: RE: If it is inflation/hyperinflation

West Lafayette IN
The guy that we bought our first condo off of in 2019 sold for two reasons.

1. He had used up all of the depreciation. He could roll it into 2 condos and start the 27.5 year depreciation schedule all over again.

2. President Trumps tax cuts and jobs act allowed for 100% depreciation on used items within the unit. For instance, furniture and appliances.
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