topic Can I elect not to deduct depreciation on a rental property? My income is low (I am retired) so I do not need the deduction because my only income is social security. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/can-i-elect-not-to-deduct-depreciation-on-a-rental-property-my-income-is-low-i-am-retired-so-i-do/01/521076#M48427 Wed, 05 Jun 2019 03:14:41 GMT johnchristina833 2019-06-05T03:14:41Z Can I elect not to deduct depreciation on a rental property? My income is low (I am retired) so I do not need the deduction because my only income is social security. https://ttlc.intuit.com/community/retirement/discussion/can-i-elect-not-to-deduct-depreciation-on-a-rental-property-my-income-is-low-i-am-retired-so-i-do/01/521076#M48427 Wed, 05 Jun 2019 03:14:41 GMT https://ttlc.intuit.com/community/retirement/discussion/can-i-elect-not-to-deduct-depreciation-on-a-rental-property-my-income-is-low-i-am-retired-so-i-do/01/521076#M48427 johnchristina833 2019-06-05T03:14:41Z No. The depreciation will be recaptured when you sell you... https://ttlc.intuit.com/community/retirement/discussion/no-the-depreciation-will-be-recaptured-when-you-sell-you/01/521085#M48428 <P>No. The depreciation will be recaptured when you sell your rental whether or not you take it. The IRS will assume you have taken the deduction and tax you on a portion of it. You will need the accumulated depreciation amounts when you sell in order to compute gain/loss.</P><P>Enter the rental under the asset section for depreciation to be calculated over its useful life even if you receive no benefit from it now.</P><P> <A href="https://www.irs.gov/pub/irs-pdf/p527.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p527.pdf</A> <BR /> </P> Wed, 05 Jun 2019 03:14:42 GMT https://ttlc.intuit.com/community/retirement/discussion/no-the-depreciation-will-be-recaptured-when-you-sell-you/01/521085#M48428 PaulaM 2019-06-05T03:14:42Z