Mike Cohen”s video message to constituents: February 2010

*People are always telling you what to do, but what’s right for them may not be right for you.

For example, if your basis in tthe property is $150,000 and you sell the property for $200,000, then you have a gain on the sale of $50,000, but all of the gain is not reported as a capial gain due to the rules surrouding depreciation recapture. For pre-schoolers, there are condominiums that offers day care facilities for their tenants. The 9 D’s of Real Estate and How YOU Can Capitalize on Every Single One of Them.