If I buy a property in December, will I be able to claim the full depreciation on it for that year? Is there a timetable on how long I have to own it in order to claim this tax advantage?Thanks

I have a duplex I just purchased (as a foreclosure), one of the tenants has two dogs and we agreed to let that tenant keep the pets since they are a long term tenant and have kept the place in reasonable (but not grea...

Hi all.  I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate".  I have a 3 part questions:- So will the rate depend on your ...

I live in a rural area and changes in the housing market tend to happen slowly.  Additionally, we've got a ton of land and as neighborhoods fall "out of style", we just build new ones!  Right now, I can hit the 2% rul...

Hello everyone.  I purchased a 9 unit apartment on 12/21 of last year.  I have a few questions regarding taxes and depreciation.1.  Do I need to file taxes for the property when I didn't earn anything the first 10 day...

Bonus depreciation is just a special part of the US tax code.
It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.
At the time of this writing, ...

Hi Experts,When a rental property is acquired on a holding company name but the daily operations run through different operating company...can one take the depreciation or bonus depreciation as ordinary income (loss) ...

I was doing my 2019 taxes, and my accountant says that the added value of my condo investment cannot be depreciated. Say What?  I bought November 2018 for $215k and rehabbed.  Been renting very well for short term occ...

I'm not going pretend that I understand anything about how the tax side of things work, but I was reading this article the other day by Michael Plaks (not sure how to tag people, sorry).https://www.biggerpockets.com/....