If your income from the investment was positive after the depreciation deduction you have a dollar amount that will be added to your other income.

Those taxes will be added to your basis in the property.

Builders seem to be adding little value to potential new projects because we already have a lot of the high value trades sourced on our own.

Yes it will be added to your income and increase your AGI.Marc Bodinger,This more than likely will be limited to keeping the funds involved in the plan options that the employer offers.

Steve Might, I'm no accountant, but I think it would be added to the basis of your property.

That needs to be added.  

Max rent allowable on each at the 1.1% lets me list rent for a condo in the middle reasonably for $638.00/month. there is also a $155.00 condo association fee tacked on the end that I'm not sure can be added to the monthly rent. so the proposed cash flow of each condo per month will roughly be $134.00/unit without even breaking into other expenditures, that is covering a conventional loan of 20% down and 349/month per unit mortgage for 30 years. so with all 4 units as one giant loan package, a conglomerate loan will be for 232,000 with 20% down leaving the mortgage payment of 1195/month for 30 years. tentative cash flow before expenses/mortgages will be 2,552.00 subtracting mortgage and association fee only.

If you do not want to pay the fine  you can go to a hearing and if you explain it and it makes sense they will some time kick it out but 80% of the time they will cut the fine in half .Most of the time the items can be added on the drawings pay the fine and keep on going .

Depreciation can be added back in, but it's likely a negligible amount.  

Moderator Note: Any requests to be added to the OP's mailing list will be edited or removed.