Guideline #33: The IRS always bats last.
You never truly know how well any financial investment has performed until you have sold it and paid the tax on any gain.
One of the interesting things about investment real estate is that the IRS captures the tax that was sheltered by depreciation at the time of the sale. One should not enter into a contract to sell an investment property that has been owned for a long time without first consulting with one's accountant. Please.
Never forget - the IRS always bats last.
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