27.5 year rule

[Richard Boyd]

Hi guys,

I read all the time about putting your home into your tax write offs over 27.5 years, just a couple of questions...

How long from when I buy it must it begin to be filled into my taxes? If there is even a limit.

Also, since my home value fluctuates so much, for example, 800k one year to 1.5 mil over the next few years... How is the value placed on the tax? Surely it's not the worth the value every year, right? Since it would be more every year, presumably... for example, you wouldn’t divide 800k into 27.5 one year and 1.5 mil into 26.5 the next year, correct? I’m just a little confused about this.