Learning, Sharing, and Teaching > Real Estate and Landlording
depreciation
BORN SAVER:
hey guys was just wondering if i would buy a rental property with 100% cash and not leverage my self. Am i able to claim depreciation on my taxes of that property or am i only able to do that if i have a loan on it.
MaikoTsumi:
Depreciation is not tied to a loan.
kenmoremmm:
you will lose the tax "benefit" of mortgage interest to offset your rental income.
SeattleCPA:
--- Quote from: MaikoTsumi on January 19, 2018, 08:48:00 AM ---Depreciation is not tied to a loan.
--- End quote ---
+1
SeattleCPA:
--- Quote from: kenmoremmm on January 19, 2018, 03:51:55 PM ---you will lose the tax "benefit" of mortgage interest to offset your rental income.
--- End quote ---
+1
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