Only the current year's depreciation appears on your Schedule E. The total accumulated depreciation doesn't appear on the tax forms that are filed with the IRS,...
I should first say I'm assuming that the end of the year property tax bill is "in arrears" and applies to the previous tax period, rather than pre-paying for th...
Even if you pay it in 2026, you still couldn't claim all of it as a rental expense. You could still only claim the portion of the property taxes that applied to...
If the portion that you rented out is considered to be a separate unit (and it sounds like it is), then you have to calculate the portion of the gains that are ...
The action of changing it to a rental property doesn't trigger any capital gains tax. I don't know if that's what you were asking or not, but sometimes people d...
