Join 20,000+ physicians on a journey to financial freedom.

PhREI Network Roundup 12-8-22: 3 Ways to Avoid Depreciation Recapture Tax on Rental Property

As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!

phrei network

Carpe Diem MD

Using his own personal experience, Ian Cook of Carpe Diem MD outlines the three best smart thermostats in his opinion (Ecobee by Amazon, Nest by Google and Honeywell by Honeywell), and gives a summary of each one. Spoiler alert: he uses Ecobee!

Best Smart Thermostats for your Short-Term Rental

The Darwinian Doctor

Daniel Shin of the Darwinian Doctor gives three ways to avoid depreciation recapture tax on rental properties. The three options, you wonder? Here you go!

  1. Sell your property at a loss;
  2. A 1031 Exchange; or
  3. Keep your property until you die.

By the end of this post, you will understand depreciation, the depreciation recapture tax, and more about those three strategies to avoid this tax.

3 Ways to Avoid Depreciation Recapture Tax on Rental Property

The Prudent Plastic Surgeon

As you may or may not know, watching the stock market is one of the worst things you can do for your financial health. It doesn't matter whether the market is up or down – it is NOT good to watch constantly. I'll explain why it's not good to do, why it's so tempting to do it, and 10 things to do instead!

Top 10 Things to Do Instead of Watching the Stock Market

Love the PhREI network roundup? We have a bunch of ways for you to customize how you follow us!

Love the blog? We have a bunch of ways for you to customize how you follow us!

Join 20,000+ physicians on a journey to financial freedom.

Join The Prudent Plastic Surgeon Facebook group to interact with like-minded professionals seeking financial well-being

The Prudent Plastic Surgeon

Jordan Frey MD, a plastic surgeon in Buffalo, NY, is one of the fastest-growing physician finance bloggers in the world. See how he went from financially clueless to increasing his net worth by $1M in 1 year  and how you can do the same! Feel free to send Jordan a message at jordan@prudentplasticsurgeoncom.bigscoots-staging.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

March 2, 2022

Invest Your Emergency Fund the Correct Yet Boring Way

The question gets asked so often. Where can I put my emergency fund where it will make more than the 0.40% interest from my savings

February 24, 2022

PhREI Network Roundup 2-24-22: How to Calculate Asset Allocation as a Real Estate Investor

As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!

February 21, 2022

The Doctors Course to Automating Your Real Estate Investments

One of the biggest issues that most physicians have when they consider actively investing in real estate is managing properties. In contrast, I am always