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Tax Liens & Mortgage Notes

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Jesse Hodges
  • Fort Drum, NY
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should you always claim depreciation?

Jesse Hodges
  • Fort Drum, NY
Posted Jul 4 2020, 23:43

Is is always a good idea to claim depreciation on your rental property for tax purposes? I recently learned that if you sell the property for more than its depreciated value, you'll owe tax on that gain through the depreciation recapture tax. That seems like that defeats the purpose of doing it in the first place.

 

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