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Updated almost 2 years ago on . Most recent reply

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David Van
  • Rental Property Investor
  • Henderson, Nv
4
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16
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Can you depreciate a property purchased “subject to” ?

David Van
  • Rental Property Investor
  • Henderson, Nv
Posted

I wanted to find deals that I can purchase subject to but I was wondering if I am able to depreciate the house purchased this way? 

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Andrew Still
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Andrew Still
Replied
Quote from @Alex Garcia:
Quote from @Christian Ehlers:

You can depreciate a property purchased Subject To absolutely. You are the owner so any tax benefits are yours to collect


 How does one go about calculating the bases without the closing disclosure of this was done via land trust?


 You would still have some sort of documentation that captures the agreed sales price no?  I would think an appraisal would also work.  Definitely ask a real estate tax accountant.  They should be able to answer this question instantly.

  • Andrew Still
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