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From: len@qumix.UUCP (Leonard Labar)
Newsgroups: net.invest,net.taxes
Subject: Reagan tax plan vs. Real Estate
Message-ID: <815@qumix.UUCP>
Date: Tue, 16-Jul-85 03:24:10 EDT
Article-I.D.: qumix.815
Posted: Tue Jul 16 03:24:10 1985
Date-Received: Wed, 24-Jul-85 20:01:43 EDT
Distribution: net
Organization: Qume Corp., San Jose, CA
Lines: 8
Xref: linus net.invest:701 net.taxes:768

I just read in the paper that the depreciation schedule for real estate
investments was stretched out to 19 years vs. the previous ACRS method.
Does anyone have real data on this?  The article also said it was
retroactive back to June 30th.  Also was supposed to be certain to get
approved this week.  What a zinger!  Since I just bought a rental
townhouse you can imagine my concern.  I had planned to rent it and
resell in 5 years.  How much would I lose from the previous ACRS
depreciation schedule?