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Tax, SDIRAs & Cost Segregation

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Tom Mitchell
  • Tahoe City, CA
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16
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Depreciation and converting a Vacation home to a rental

Tom Mitchell
  • Tahoe City, CA
Posted Mar 26 2017, 10:36

I'm thinking of converting a vacation home to a rental.  Obviously I can get depreciation advantages, but how do I do that?  Do I simply start taking depreciation on Schedule E?  Can I get retroactive advantages?  How do I report depreciation/recapture taken when I sell?

Thanks!

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