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Author Topic: depreciation  (Read 1296 times)

BORN SAVER

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depreciation
« on: January 19, 2018, 03:31:57 AM »
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.
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MaikoTsumi

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Re: depreciation
« Reply #1 on: January 19, 2018, 08:48:00 AM »
Depreciation is not tied to a loan.
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kenmoremmm

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Re: depreciation
« Reply #2 on: January 19, 2018, 03:51:55 PM »
you will lose the tax "benefit" of mortgage interest to offset your rental income.
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SeattleCPA

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Re: depreciation
« Reply #3 on: January 19, 2018, 04:10:29 PM »
Quote from: MaikoTsumi on January 19, 2018, 08:48:00 AM
Depreciation is not tied to a loan.

+1
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SeattleCPA

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Re: depreciation
« Reply #4 on: January 19, 2018, 04:10:43 PM »
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.

+1
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HawkeyeNFO

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Re: depreciation
« Reply #5 on: January 20, 2018, 07:50:26 PM »
You'd better claim it.  If you sell the place in the future, get ready for the depreciation recapture tax, usually at 25%, WHETHER YOU TOOK DEPRECIATION OR NOT. 
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