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In addition, you lose the ability to depreciate buildings, which is a big plus for us.

Something I learned today doing a Schedule C for the first time in a lot of years--a fair chunk of my equipment depreciation got added back into our income on the AMT form. Real estate depreciation might be handled differently (I don't need to know that this year), but definitely something to check on if you are in AMT territory.

Investing in real estate is not always about house rentals.

One of our best investments ever was bare land--netted almost triple what we paid for it 10 years prior.

Kathleen
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