Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply

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!