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Deductions & credits
It doesn't but that is the depreciation allowed by the IRS. If the house was a rental unit, it would be depreciated over 27.5 years. I looked up how long a normal unit would last and it could last 15-20 years. This is something that may need to be changed in the tax code.
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‎April 14, 2021
7:38 PM
10,460 Views