Updated almost 10 years ago on . Most recent reply
Will depreciation count toward my debt to income ratio?
Hello,
the depreciation expense deduction from my rental property on my tax return is lowering my overall income.
Is that depreciation "added" back to my total income when the bank calculates my debt to income ratio?
Are there any items a bank includes in their debt to income ratio calculations that otherwise show up as deductions in my tax return?
-George