AmyC
Expert Alumni

Investors & landlords

@cmg1

 

No.  When you sell a home, all depreciation allowed is deducted from the sales price, whether you took it or not. Depreciation should be claimed each year.

 

Depreciation associated with your personal use of the asset during vacations is not allowed as it was not in business mode. Therefore, you are not deducting any depreciation and it is not being deducted when you sell since it was not allowable. There would be no additional tax consequence.

 

 

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