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Deductions & credits
I'm trying to figure out if I should elect out. My gross income is over $150K, and I don't seem to benefit from any rental losses. Should I still take the special depreciation allowance, or should I opt out, seeing as how it did not benefit me in any way? I actually plan on selling the house in 2016. If I opt out of the Special Depreciation Allowance, does that help me or hurt me when I sell the house?
‎June 7, 2019
3:03 PM