Legal Question in Real Estate Law in Ohio

Lease Option tax advantages

If I lease option a house from a seller, than the seller turns around and buys a new house (while still holding the lease) what tax advantages do the sellers still have on the property they lease optioned to me.


Asked on 12/08/04, 7:33 pm

1 Answer from Attorneys
William Chris Roderick Linton Belfance LLP

Re: Lease Option tax advantages

Seller can depreciate the property and deduct all expenses as he normally would have before the purchase of the second property.

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Answered on 12/09/04, 11:11 am


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