You'll need to sign in or create an account to connect with an expert.
Yes, you should claim the depreciation on your rental home, even if it produces a loss.
When you sell the home, the IRS will require you to re-capture the depreciation and pay taxes on it. Depreciation re-capture will occur on the sale, even if you don't take the deduction.
https://www.thebalance.com/depreciation-recapture-3192979
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
gowrish
New Member
laneyh1775
New Member
dlarzik
New Member
MakeMoreDave
Level 1
solomon_g
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.