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Updated almost 3 years ago, 03/03/2022
Rule for Depreciating 2nd Home on Taxes
My general understanding is that you can not depreciate your primary residence, but you can depreciate an investment asset on taxes. If I use a 2nd home loan, can I still depreciate that asset if I STR 11 months of the year, and stay in it 1 month? Is there a definitive rule I can use when determining when I can or can't depreciate a 2nd home?