Regarding depreciation and tax credits - Question

[Derp Gurp]

Hello everyone.

I've been scouring the internet for a while and I can't seem to come by depreciation. What an accountant has told me is that depreciation can stack year over year if you have excess leftover. For example year 1 $5000 tax credit not used year 2 $10000 etc. 

He has also told me that these tax credits which are unused can be used to put a down payment on a property.

I have been trying to verify this but, can't find any information on this.

Does anyone have links or solid information/experience with this?

Please let me know I would really appreciate it.

Thank you.

[Dave Spooner]

@Derp Gurp I try not to say something is impossible or completely wrong when it comes to real estate, but I've never heard of using depreciation as a down payment. I'm not sure what kind of lender would accept that.

Depreciation isn't liquid cash - it represents a reduction (or possible reduction) in your tax liability. The key is that it only impacts your tax liability. As far as I've ever heard, I don't believe there's any way to "give" depreciation to someone else.