MACRS dictates the recovery
period of a piece of real estate based on its primary use.
Not exact matches
Many investors find that their most appreciated assets come in the form
of real estate — a
piece of raw land, an investment property or a vacation home — that has been held for a long
period of time and could create significant capital gains taxes when sold.
Selling
real estate by land contract or contract for deed can be an excellent way to turn an unwanted
piece of property into a stream
of payments over a short or long
period of time.
Some people find that managing a
piece of property or a small
real estate portfolio is an appealing hobby; some
of these people make a lot
of money out
of their hobby over a
period of years.