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Updated about 6 years ago,
Is the Deed Required For Depreciation in California?
My question is for a single family residence do I need the deed in my name to gain the advantage of depreciation on my taxes? As I understand it in Missouri one can depreciate a SFR on their own tax return even if the deed is not in their name, assuming they are the one paying the mortgage. I'm buying a SFR 'subject to' here in CA, I'm a CA resident, and my company is located here in CA.
Thanks in advance for any input and Happy New Year!