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New Member
posted May 31, 2019 5:34:25 PM

I bought an investment property, can I deduct the down payment

commercial property

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1 Replies
Level 7
May 31, 2019 5:34:26 PM

No, you cannot deduct the down payment, but you can expense the cost of your property, (depreciate) which would include your down payment over 27.5 years for a rental property and 39 years for other commercial property.