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Updated almost 2 years ago,
Rental Property Depreciation Tax Question
Hi All-
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes but to wait until the day I sell the property and then I will get the savings on the Capital Gains profits from the sale. That’s the general gist of it. Trying to find out if this is the right way to go? Do most investors take this route or do they take the depreciation on their yearly taxes. Thank you in advance.