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Scott Vance is a fee-only planner and Enrolled Agent serving the Raleigh, N.C. area. He recently retired from the Army. His background allows him to uniquely understand issues faced by military personnel, but he works with all clients. He is currently a candidate for CFP® certification and seeks to provide objective, commission free advice to clients. Vance was born and raised in Pennsylvania. He is married to Amy. They have a son, Brandon. They enjoy skiing and kayaking.
Property owners may love the tax deduction now, but when they sell, the IRS may come knocking for what is due through "depreciation recapture." Here's how that works.
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Depending on the type of account you use, you can score some good tax advantages on top of your savings.
It's right now. Here's why.