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Peter Pope's profile image
Peter Pope's profile image
Peter Pope
  • Member since Dec 8, 2022

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Peter Pope's profile image
Peter Pope's profile image
Peter Pope
  • Member since Dec 8, 2022
Peter Pope
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Starting Out

How to claim depreciation on taxes?

Peter Pope
Posted

Hello all, this will be the first year I’m able to claim depreciation on 1 of my properties as it is a rental now. 

What do I need to do when filing my tax return? I like to keep it simple and see the same tax preparer each year. Do I need to bring additional documents,etc.?


thank you in advance! Pete 

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Frank Chin's profile image
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Frank Chin
  • Investor
  • from Bayside, NY
  • Member since Mar 27, 2017

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Frank Chin's profile image
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Frank Chin
  • Investor
  • from Bayside, NY
  • Member since Mar 27, 2017
Frank Chin
  • Investor
  • Bayside, NY
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Frank Chin
  • Investor
  • Bayside, NY
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Discuss the land/building ratio with my CPA as land is not depreciated.

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