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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127696  
Subject: Re: Hawaiian rental housing market Date: 9/5/2013 11:22 AM
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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
Rule Your Retirement Home Fool
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