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Updated over 14 years ago on . Most recent reply

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Uwe S.
  • Property Manager
  • Dublin, OH
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Depreciation of Real Estate

Uwe S.
  • Property Manager
  • Dublin, OH
Posted

Don´t know if this the correct forum here, but I want to know how high can I get a tax depreciation for this year (2010) when I buy an house this month for only $5k for a fix and flip in May 2011?
Thanks.

-Uwe

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by Uwe S.:
Don´t know if this the correct forum here, but I want to know how high can I get a tax depreciation for this year (2010) when I buy an house this month for only $5k for a fix and flip in May 2011?


If the intent is to flip, there is no depreciation taken, as the resulting transaction will be a capital gain (or loss)...

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