[(former)FormerSanDiegan]

You have to recapture depreciation regardless of gain or loss on the property. The reason is that you were able to either deduct the depreciation against income (either in each you you applied it or any remaining carryover loss when you sell).

Federal tax on recapture is 25%. State is whatever your tax rate happens to be (likely near the max of 9.3%). Hopefully your federal tax break you received previously due to depreciation was at least 25%.

Yes, you do reduce the cost basis by the amount depreciated as SD R wrote above.

So, to expand on the example, you’d have to pay the FED’s 0.25*15000 = 3750 in depreciation recapture tax. You’d have to pay CA up to 0.093*15000 = 1395.

[(former)FormerSanDiegan]

I suppose I shouldn’t take the word collateral literally.

[(former)FormerSanDiegan]

I suppose I shouldn’t take the word collateral literally.

[(former)FormerSanDiegan]

I suppose I shouldn’t take the word collateral literally.

[(former)FormerSanDiegan]

“Yes, at least some CC debt gets recycled via CDOs.”

OK, so what exactly is the asset that backs credit cards in CDO’s ? In other words what is the collateral in the Collateralized debt obligation ?

[(former)FormerSanDiegan]

“Yes, at least some CC debt gets recycled via CDOs.”

OK, so what exactly is the asset that backs credit cards in CDO’s ? In other words what is the collateral in the Collateralized debt obligation ?

[(former)FormerSanDiegan]

“Yes, at least some CC debt gets recycled via CDOs.”

OK, so what exactly is the asset that backs credit cards in CDO’s ? In other words what is the collateral in the Collateralized debt obligation ?

[(former)FormerSanDiegan]

More info in this article than original CNN post above, including some soothing words from Angelo. …
http://biz.yahoo.com/prnews/070822/law112.html?.v=71

Notice that BofA is buying preferred stock. Preferred are ahead of stock holders in line in case of bankruptcy.

[(former)FormerSanDiegan]

More info in this article than original CNN post above, including some soothing words from Angelo. …
http://biz.yahoo.com/prnews/070822/law112.html?.v=71

Notice that BofA is buying preferred stock. Preferred are ahead of stock holders in line in case of bankruptcy.

[(former)FormerSanDiegan]

More info in this article than original CNN post above, including some soothing words from Angelo. …
http://biz.yahoo.com/prnews/070822/law112.html?.v=71

Notice that BofA is buying preferred stock. Preferred are ahead of stock holders in line in case of bankruptcy.

[(former)FormerSanDiegan]

I get an average of 1.5 pieces of mail each day with refinancing offers. I also get at least two pieces each week from American Express alone for credit card offers, such as the “One” account, “sign and Travel”, etc. I have seen no drop-off in the last few weeks. I also get weekly Capital One credit card offers to both myself and my wife.

[(former)FormerSanDiegan]

I get an average of 1.5 pieces of mail each day with refinancing offers. I also get at least two pieces each week from American Express alone for credit card offers, such as the “One” account, “sign and Travel”, etc. I have seen no drop-off in the last few weeks. I also get weekly Capital One credit card offers to both myself and my wife.

[(former)FormerSanDiegan]

I get an average of 1.5 pieces of mail each day with refinancing offers. I also get at least two pieces each week from American Express alone for credit card offers, such as the “One” account, “sign and Travel”, etc. I have seen no drop-off in the last few weeks. I also get weekly Capital One credit card offers to both myself and my wife.

[(former)FormerSanDiegan]

I don’t think it affects the credit card industry much. Rates may change as the economy changes. However, credit cards have always been unsecured credit. There was no illusion of AAA-rated safety and asset-backing built into the market on these.

[(former)FormerSanDiegan]

I don’t think it affects the credit card industry much. Rates may change as the economy changes. However, credit cards have always been unsecured credit. There was no illusion of AAA-rated safety and asset-backing built into the market on these.

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