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New Member
posted Jun 5, 2019 11:33:02 PM

I bought a rental properties for cash using my own fund ? how can I get that principle back as business expense ?Thank you

I bought a house for 70k and 55k in cash. How can I get this fund back to pay my debt ?

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1 Best answer
Level 15
Jun 5, 2019 11:33:04 PM

The amount paid for the rental properties is recovered over their useful lives by taking depreciation on them.

It is great paying a large amount of cash for them, however the recovery of the cost of the asset is only recovered through depreciation taken.

2 Replies
Level 15
Jun 5, 2019 11:33:04 PM

The amount paid for the rental properties is recovered over their useful lives by taking depreciation on them.

It is great paying a large amount of cash for them, however the recovery of the cost of the asset is only recovered through depreciation taken.

New Member
Jun 5, 2019 11:33:05 PM

Thank a lot