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All Forum Posts by: Vlad-Stefan Marcu

Vlad-Stefan Marcu has started 1 posts and replied 1 times.

Post: Tax Deductions for a Live in Flip

Vlad-Stefan MarcuPosted
  • La Canada Flintridge, CA
  • Posts 1
  • Votes 0

Hi all,

I am planning on purchasing a SFR with the intention of living in it for 2-3 years, making upgrades, and selling when I move out. Would this be considered an investment property where I can deduct depreciation expense from my personal taxes?

In general, what distinguishes a "primary residence" from an home purchased with the intent to flip?  Is it the amount of time held?