Bookkeeping Q&A for a New Real Estate Investor - Depreciation

[Max Emory]

If you guessed D then you are right!

You usually can’t depreciate your primary home or vacation home if those properties don’t generate any income.

Even more interesting, if you are a real estate investor, in addition to the building (land is not depreciable), you may be able to depreciate a lot of other “assets” within the property if they have a useful life of greater than 1 year.

Get that accelerated depreciation!

*Source: The Book on Tax Strategies for the Savvy Real Estate Investor / Vol. 1 Beginner by Amanda Han and Matthew Macfarland

I hope this helps!

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