burned-out tax shelter
burned-out tax shelter
An investment that has exhausted most of its tax-sheltering benefits.For properties taking advantage of bonus depreciation of up to 50 percent for the first year placed in use,the shelter can be burned out by year 2.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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