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Updated about 2 years ago,
Writing off depreciation of a rental
Hello!
I‘ve owned my first primary house for over a year and had a lease with a renter signed in December of the second year I owned it. Can I still write off the depreciation for the year in which I started renting it? It’s still within the tax year so I’m guessing yes.
I understand this sort of advice comes with disclaimers, though hoping someone can just share from their experience. Thanks everyone!