TAXABLE INCOME IN APARTMENT PROPERTY ANALYSIS: EVERYTHING YOU NEED TO KNOW BEFORE INVESTING.
The discrepancy between a property’s sales price and the cost basis is its taxable income, often known as income on sale. In other words, an investor buys a $5 million apartment to hold it for five years. According to IRS accounting regulations, they are entitled to a $100,000 deduction for depreciation for each of…