- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Passive loss being limited by passive income (Airbnb rental) - so should I still take depreciation?
Subject says it all...
My passive loss is being limited to ZERO (matches the passive income) - so should I NOT take depreciation expense? (I don't need that expense to reach zero passive income.) I don't want to have to pay taxes on that depreciation if/when we sell the home for a profit if I am not getting a tax benefit now.
Thanks...
March 7, 2024
5:03 PM