All Forum Posts by: Culin Tate

Hi Gang:

So I was just listening to Episode 290: 7 paths to Financial Freedom and around strategy 5 or 6 the host(s) mentioned buying 1 house per year for 15 years. One of the stated benefits was taking the depreciation on that property. When I have previously checked into this with my accountant it seems their are very specific tests to pass to be considered a materially participating passive investor, namely that you must spend half of your time and at least 750 documented hours in passive real estate to qualify to deduct depreciation. 

Were the hosts incorrect or is their another strategy for qualifying to take depreciation as a tax deduction on investment properties for part-timers that I am missing?

Thanks,

Culin