Since Hurricane Katrina hit a few years ago many investors are taking advantage of a huge tax savings.  By investing in areas of Southern Mississippi, you can take a first year, 50% tax depreciation on rental houses, duplexes and fourplexes.
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You can carry this loss back 5 years and actually get a tax refund, […]

If you are wondering if you can still take the GO Zone 50% first year tax depreciation, the answer is YES!  It was extended until December 31, 2010 but only in certain geographic areas. Â
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These areas include 4 counties in southern Mississippi and the New Orleans area.
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I have condos that have a 30 […]