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Real estate depreciation reporting
I bought a condo in 2018 and lived in 18 months. Then I moved to another house and rented my condo from 2021. I never claimed any depreciation for my condo and simply reporting rent - (mortgage interest+taxes+repair expenses). How do I start reporting my depreciation? If I don't report depreciation, Can I offset while selling the property? Can you shed some light here. Thank you!
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‎January 13, 2024
4:43 PM