This does not include any tax prep.

When I received my 2023 taxes back from my tax preparer, I noticed that they included income from the DST's but did not include any depreciation. 

Here’s why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

Nate, Usually the Fed wants you to pay tax on capital gains.

They used both of their credit histories and income to qualify for the financing so that's what the underwriting is based on.But you also have to look at the tax implications.

Any tips or advice would help!

An S-corp might help to mitigate the tax, but it should be weighed against the admin considerations of compliance (eg: payroll, reasonable comp, etc.)

I've wondered if for example it even makes sense on a NNN retail building.Maybe if your CPA can do it cheap as part of their tax return service fee for you.Hopefully just your normal straight line depreciation is the way to go, but check with your CPA and see if they think it is worthwhile for you.   

@Maddison MartinSome market just don't produce cash flow, and the way to profit is through appreciation and tax benefits.

Hello everyone, 

I am new to Bigger Pockets. I am excited to learn from everyone. This is my first post. I hope to get some advice from more experienced members on  finding rental properties for house hacking. Seve...