How to convert business property to personal use?

Do you own rental property that you want to convert to personal use?

Or how about proprietorship-owned property like cars, desks, and computers?

Then be very careful! You see, when you make the conversion, you’re in danger of triggering the depreciation-recapture tax. And it can cost you plenty.

Want to learn how to avoid this tax and keep more money for yourself?

Easy. Just read my new article titled Tax Tips: Don’t Make These Mistakes When You Convert Business Property to Personal Use!

NOTE: We’ll cover corporate property-conversion strategies in a future article.

Three ways our fact-filled article can help you:

1. You’ll learn how to handle the conversion of your “mileage rate” car. Don’t be like a lot of taxpayers and overlook the loss-deduction on your mileage-rate vehicle! We’ll show you how to make the conversion the right way when you read the full article.
2. We’ll explain the “Golden Rule every taxpayer should follow. It’s not “do unto others.” It’s a rule that will help you convert business property to personal use the smart way. All will be explained when you read the full article.
3. You’ll learn why you should beware of “listed property.” According to the tax law, there are four kinds of “listed property” and we’ll tell you what they are. Why should you care? Because converting them to personal use can cost you big money as we’ll explain when you read the full article.