- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@Alexyeva11 wrote:
Do I have to declare the depreciation expense since I owe $0 in taxes and it provides no benefit but could be a liability when I sell the condo?
You are not actually required to claim a deduction for depreciation, but you will be required to recapture the depreciation allowed (or in this case, "allowable") when you dispose of the property.
‎October 9, 2019
8:13 PM