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Updated almost 7 years ago,

User Stats

48
Posts
39
Votes
Ken T.
  • Investor
  • Boston, MA
39
Votes |
48
Posts

Depreciation with Turnkey Properties

Ken T.
  • Investor
  • Boston, MA
Posted

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

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