Once Escrow Closes, Some Options Close With It By Rich Arzaga, CFP®, CCIM , The Real Estate Whisperer® When depreciation issues are discovered, some investors assume they can “figure it out later.” After all, it’s math. If there’s a cost, it may be just interest. Maybe it’s manageable. That’s a reasonable instinct. But when someone tells me they’re already under contract, I usually ask a simple question: “Are you aware there may be a planning hurdle to resolve after this tran

By Rich Arzaga, CFP®, CCIM , The Real Estate Whisperer® When I review rental property tax returns and notice depreciation is missing, the most common reaction isn’t panic. It’s confusion. “We file the taxes every year on the property. It should all be there. We try to catch all the expenses.” That’s reasonable. Most investors assume that if the return is filed and expenses are entered, cost recovery is being handled correctly. Rather than assume anything, I ask them to explai