Trumps tax proposal on depreciation?
Hello, I have a question that maybe someone can shed some light on. I have heard that the new Trump administration might try and pass a law to get rid of the 27 1/2 years of depreciation on houses. Instead being able to write off the full purchase price in the first year that the house was purchased. If this happens next year say, what would happen to the depreciation for the seven units I bought this year(2016)? Any insight or comments would be appreciated. Thanks.