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Investors & landlords
Thanks for all your help! Section 179 is first year expensing, depreciation scheme would be one year. I spent around 35k outfitting my rental, kitchen appliances and fixtures, bathroom fixtures, windows and blinds, floors, countertops and more. In theory I want to depreciate all in 2021, depreciation is a paperless loss that is added back into you income. In turn, this with help my debt to income ratio, allowing me the opportunity to qualify for better loan terms on future investments.
‎December 31, 2021
8:09 AM