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Updated almost 4 years ago on . Most recent reply presented by

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Tavis Moore
  • New to Real Estate
  • Flowood MS
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State of Kansas Depreciation

Tavis Moore
  • New to Real Estate
  • Flowood MS
Posted

Does anyone have information on depreciation in the state of Kansas?

I have a friend who says he can't get depreciation on his rental homes until he sales the property.

Is this true?

Because for me and my understanding of real estate depreciation (which isn't much) this makes zero sense for investors!

What would be the advantage of investing there if your rental income is taxed like ordinary income?

Please if his information is wrong can someone offer a source of the information?

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied
Originally posted by @Tavis Moore:

Does anyone have information on depreciation in the state of Kansas?

I have a friend who says he can't get depreciation on his rental homes until he sales the property.

Is this true? 

Because for me and my understanding of real estate depreciation (which isn't much) this makes zero sense for investors!

What would be the advantage of investing there if your rental income is taxed like ordinary income?

Please if his information is wrong can someone offer a source of the information?

Some states do have different tax depreciation rules. However, Kansas follows both bonus and sec 179 rule so depreciation should be the same as federal depreciation. 

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