Not this is not OK to do as depreciation is required. If you ever sell the property, you will still need to recapture the depreciation you did not take as the depreciation recapture is the amount allowed or allowable, not the actual amount you took for residential rental property. This means if you were able to fully depreciate the house when you sold it, you would "be charged" in the recapture the full amount you could have taken even if you did not take it.
When you choose not to take it or accidentally leave it off, it does become slightly complicated having to fix not taking it.
What should I do if I didn’t take depreciation on my rental property?
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