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Updated about 11 years ago,
Does net rental income factor in depreciation?
I was looking over the health exchange website and one of the income questions was Net Rental Income amount. Does net rental income factor in depreciation? Or is depreciation a different type of expense because you have to pay it back upon selling the property. My Schedule E includes depreciation of the rental as an expense relating to taxes but it doesn't specifically call it Net Rental Income. With depreciation included, my income is much lower. Anyone know for sure?