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 almost 7 years ago,
Depreciation with Turnkey Properties
I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material participation or be involved with making a major decision with the property. Purchasing the properties would count for the first year so that's taken care of but later years would require something along the lines of approving a large expenditure or having a say in choosing the tenants for the property. I am wondering how most people with turnkey properties usually go about doing this? Thanks in advance