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50
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29
Votes
Joe Lambert
  • Omaha, NE
29
Votes |
50
Posts

Suspending Depriciation for Taxes

Joe Lambert
  • Omaha, NE
Posted

Is it possible to suspend the depriciation clock on a SFH utilized as a rental. The reason for this is that the next decade will be a very low tax era. The addition of the passive income deduction will lower my taxes on an already decreased income tax rate. I'd like to push all tax write offs to the non-Trump tax cut era.

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5,273
Posts
2,325
Votes
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,273
Posts
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied

Nope. It doesn't work that way. You will recapture on what was or could have been taken in the event of sale. 

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
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