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Dave Doyen posts 12 3:47 pm August 28, 2010
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I recently completed a 1031 tax deferred exhange. The relinquished property was fully depreciated. The acquired property cost $15K more than the relinquished, therefore tax accountants tend to agree that my new basis is $15K (ignore the land for this example). However, I am getting a variety of answers as to the number years the $15K should be depreciated over. Can someone recommend an accountant who is EXPERT in this subject? (Both are residential properties).
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Mike Ferris 9:57 pm August 28, 2010
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Dave,
I don't know that Ron Vascik would be considered an 'expert' in 1031's , but he is a very knowledgeable real estate tax accountant. rvascik@rfbookcpas.com. Please post the results of your search for the right answer on this. Mike
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Bob Warburton http://www.delawarerehabbargains.com/ posts 23 9:46 am October 22, 2010
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This is a person who is a friend of my Facebook page. I do not know him personally, but i would call him if you have questions.
1031 Exchange Specialists, Inc.
George M. Christofely, CPA*
President
1312 Asbury Avenue
Ocean City
New Jersey 08226
Local: 609-398-1031
Toll Free: 877-513-1031
Fax: 609-398-0500
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Mike Ferris posts 90 4:02 pm October 23, 2010
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Dave,
I just found this recommendation on the Newark Landlord Associations contact list.
John H. Osborn (Patterson Osbourn Exchange Services)
3801 Kennett Pike,
Bldg. D Suite 100
Greenville, DE 19807
Please let us know what you find out.
Mike
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