Could any one explain what "467 leases" is?

Does it benefit landlord?
In Buying Property - Asked by ling C. - Jan 28, 2009
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Chris G.
Broker/Agent
Lynchburg, VA

I think you are referring to "Section 467" of the IRS code. I think your question is best answered by your tax professional. If a lease gets categorized under this it can cause all kinds of consequences, not necessarily all beneficial to a landlord.

Jan 29, 2009
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