We own a rental property as "Real Estate Professionals" as we spend the required time on our real estate business. So we can deduct depreciations losses currently against other income, i.e. interest, div, gains, SS income, etc.
So if we put solar panels on our rental property roof, it would pay to depreciate over 5 yrs.
One problem. the depreciation is recaptured when we sell the property. So this defers taxes, not eliminates them.
Anybody disagree?
