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URL:  http://boards.fool.com/ive-already-decided-after-consulting-with-a-tax-30857391.aspx

Subject:  Re: Hawaiian rental housing market Date:  9/5/2013  11:22 AM
Author:  TMFPMarti Number:  126193 of 127815

I've already decided (after consulting with a tax expert) that the like-kind exchange doesn't meet her needs. So, I'm waiting on a lending officer from one of the Hawaiian banks to get back to me with answers to a number of the questions I've posed on this board.

How and when did your niece come by these properties? From your OP I gathered that she recently inherited them, but if the tax expert you consulted didn't tell you that all of the depreciation is wiped out and the heir starts with a clean basis equal to FMV at the date of death, I must have misunderstood.

Phil
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