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Updated almost 6 years ago, 01/10/2019

User Stats

13
Posts
5
Votes
John Brees
  • Rental Property Investor
  • West Des Moines, IA
5
Votes |
13
Posts

Depreciation on multifamly

John Brees
  • Rental Property Investor
  • West Des Moines, IA
Posted

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!

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