180. Taking Advantage of Taxes in Self Storage | Leveraging Depreciation w/ Yonah Weiss
Self Storage Income
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What Happens When You Exit a Property?
When you sell a property, you're going to be faced with capital gains tax. There's also something called an unrealized gain, which is in the form of a depreciation recapture tax. Even if you have suspended passive losses from that property, even if you did cost segregation, it helps you not only during the whole period to reduce your taxable income but also on the sale because you have those extra losses that can now offset those gains from the sale.
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