|
Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,268
|
Thanks. I read it and the rules are certainly complicated. One thing I do understand is the non ability to depreciate income property owned thru a 401K. Since one has to pay capital gains on any amount depreciated upon sale (with a profit), and since property generally goes up in value over time, I see this as not any kind of obstacle or negative.
The article makes it seem as if the best way to do this is to have all cash for a purchase. I'm not in that position, for sure.
|