Home Selling in New Jersey>Question Details

Richard, Home Seller in New Jersey

I have a rental property in NJ and stopped renting in 2004. I depreciated the rental and now want to sell it. What is the impact?

Asked by Richard, New Jersey Sat Sep 25, 2010

Help the community by answering this question:

Answers

1
Well you certainly would have recieved more for it if you sold it back in 2004 when you stopped renting it out and letting it sit vacant for 6 years can't help either. If your asking about the tax implications then you need to consult a CPA
Web Reference: http://www.sjrates.com
0 votes Thank Flag Link Mon Sep 27, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer