Updated over 2 years ago on . Most recent reply
Question about depreciation
Hi, I'm brand new and will be investing in my first property soon. I have a question about depreciation. This is one of the big benefits of investing in real estate, but I think I read somewhere you can't take depreciation until you have owned the property for one year. That means you could wait 15 to 25 months to get that tax break.
Any clarification on when you can begin taking depreciation on an investment property?