You'll need to sign in or create an account to connect with an expert.
Income has nothing to do with depreciation. Depreciation is based on your cost, meaning what you paid for the property and when it was first available for rent, so no, you can't depreciate income.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rick-rose1
New Member
TJohnson7
Level 1
samarth2222
Level 1
Skchu40
Returning Member
melgevs07
New Member