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Investors & landlords
Yes. Depreciation is only good when you keeping the rental and want to spread out expenses over several years. Cost Basis you want to build up high as you can to keep down profit/capital gains...so you add every major improvement to the basis- initial price you paid for it. House plus new screen porch, or updated kitchen I think.... just read or Q turbo or irs for Improvements and cost basis. You want to close the gap between bought and sold to reduce gains tax.
May 4, 2020
1:04 PM