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Updated almost 3 years ago,
Depreciation Recapture Tax -Claiming Depreciation Annually
Hello. If I'm renting out my home with the long-term goal being to sell and to pay off my current residence at retirement (15-20 years from now), is it worth it to claim annual depreciation? I understand if I were to reinvest it into a new property upon the sale then that would be okay, but a little unsure given my long-term goal.
Thank you.