Bought my first duplex
Hello all,
I'm closing on my first duplex tomorrow and have been reading a whole lot of the posts here. Very resourceful!
My first of many questions is: Do I even bother with the tax depreciation this year? I'll only own it for 15 days of 2016 and will show virtually no income from the property and will only be entitled to a very small percentage of depreciation. There are currently tenants in place, but myself and the seller will be splitting the rental income for the month, so I can show a whopping $700 of income!
Thoughts??
Thank you in advance!