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Investors & landlords
My question is different.
Say, if if my depreciation amount is $300,000 for 27.5 year. It comes 10,909 per year.
Will I be able to subtract all these 10,909 from rental taxable income?
Or what % of this amount will be used to reduce the rental taxable income?
or Is it based on my current 22% tax bracket?
Regards
R
March 6, 2024
10:49 AM