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Does depreciation on a rental property have to be taken each consecutive year or can this be skipped for years when the property is not rented?
IRS publication 527 states that the depreciation of a rental property stops when it is taken out of service. If the property is rented intermittently can this depreciation be skipped during the years when the property is not rented?
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‎June 4, 2019
12:13 PM