Depreciation against W2 - Income

[Amby Bhagtani]

Hello, 

I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? 

Thanks, 

Amby

[Sean O'Keefe]

Quote from @Amby Bhagtani:

Hello, 

I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? 

Thanks, 

Amby

 @Amby Bhagtani more details are needed here - don't be stingy!

Yes, rental losses can be used to offset non-passive income (W-2, 1099, etc.) BUT this depends on several factors that you didn't provide, including: 
- Are you going to participate

- Will this be short-term/long-term

- More things

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