You'll need to sign in or create an account to connect with an expert.
Yes, you can depreciate your rental property as long as the following are true:
Yes, you can depreciate your rental property as long as the following are true:
Perhaps. Any day that your daughter rents the home and pays fair market rent for the rental can be depreciated. If she pays less than fair market rent, the property is considered personal use property, and you may not deduct any expenses, including depreciation on the property.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
pattylovelife
Returning Member
agentaly
New Member
DiannaD32
New Member
boonas
Returning Member
Lion0303
New Member
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.