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Tax, SDIRAs & Cost Segregation

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Jared Comeau
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19
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Appreciation tax break on rental properties

Jared Comeau
Posted May 13 2020, 09:59

Good morning BP

I have a question this morning. I'm hopinganyone knows how the tax break works in the US for the annual depreciation on a rental property works.

How long does the depreciation tax break last on the property?

Does the tax break apply to buying an older house say from the 50s?

Finally, does the tax break benifit cross the boarder to Canada or do we have to leave 100% of our taxable net in the US and file our taxes with the IRS in order to qualify for the tax break.

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