Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 1:26:04 PM

Can I stop depreciating a rental property? I don't need the deduction any more.

0 1 663
1 Replies
Intuit Alumni
Jun 3, 2019 1:26:05 PM

No, you can not stop depreciating a rental property even if you do not need the deduction anymore.

Depreciation is accumulated for as long as you use the property.  The accumulated depreciation is used in determining your cost basis in the property was you sell it.

When you sell or dispose of the property you will need the total depreciation allowable.