Is Forcing Depreciation a thing?
So I was recently on the hunt for a new CPA, one that focused on Real Estate strategies. One interesting strategy he mentioned that really stuck out to me was "forcing depreciation". He didn't elaborate too much on this but I honestly cannot stop thinking about it (if it's true).
To my understanding, it's basically when an assessment is done on the property by a professional and determines the entire value of the depreciation remaining on the property. Which will then allow you take a lump sum (forcing the depreciation) for the remaining years instead.
Has anyone ever heard of this?