Updated almost 14 years ago on . Most recent reply
Depreciation in CA?
I'm new here and new to REI, but I'm curious what the tax laws are regarding depreciation in CA. I know someone who has a property in CA and they said they weren't able to depreciate anything. They have a CPA doing all their taxes but I'm not sure why this is. They're just keeping the place so their family member has someplace to live, but I'd think they'd be able to depreciate it somehow...? Or does this only happen when it's sold?