Hi BP, Can someone talk to me about the amount of value you place in Tax Depreciation when evaluating deals. I'm looking at a SFH that cash flows $175 with a lower CoC of 8%. The seller is telling me that I should con...

Hello guys, I am new to investing.I keep hearing about tax depreciation, but I don’t understand exactly how that works.Can someone explain that please or give an example.Appreciate it!

Hi, Purchased a foreclosed property, ready to rent n 10/15/07

I redid most things...

Here is how I planned on depreciating, but called IRS to ask a question, and they seemed to imply that all of these should be adde...

I spent $20,000 on replacing decking front and back. It was Trex , which is supposed to be lifetime warranty, that is another issue. Also, we replaced siding on the East and West side of the house, which was another $...

Carpet is depreciated over 5 years and new hardwood floors are permanently affixed to the property so it should be depreciated over 27 1/2 years.  What about laminate or engineered wood flooring?  Looking online it is...

Hey all! After listening to the last episode about bonus depreciation, it left me thinking about my home I recently converted form primary to rental. In the episode it was said that bonus depreciation had to be taken ...

For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...

Hello,If you inherent a rental property can you still depreciate home again or wont because it was inherent and also if you can depreciate what will be new basis of the home is the fair market value of the property wh...

I've been using Turbo Tax for our taxes for years. It wasn't until reading BP and hearing the word depreciation that I realized my returns have probably been wrong for several years. Can someone point me to where I ca...

I own a property that showed a small loss for this tax year.The reason for this loss was due to depreciation.My question is how or what do i do with the money that is in the bank which represents the depreciation amou...