Updated over 3 years ago on . Most recent reply
Rule for Depreciating 2nd Home on Taxes
My general understanding is that you can not depreciate your primary residence, but you can depreciate an investment asset on taxes. If I use a 2nd home loan, can I still depreciate that asset if I STR 11 months of the year, and stay in it 1 month? Is there a definitive rule I can use when determining when I can or can't depreciate a 2nd home?