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Updated almost 6 years ago, 01/10/2019
Depreciation on multifamly
Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. I'm hopeful a CPA on here or more experience investor can validate this or share experiences. I have read several articles and do not view it that way, help is welcome! Thanks!