I understand that I can deduct mortgage interest, real estate taxes, condo fees, and repairs. I have seen conflicting reports about if i can claim depreciation if my income is over $100k or $150k. Some sites say nothing about an income limit. I am trying to decide if I should rent my current condo and the ability to take depreciation is the difference between breaking even or a slight gain and a loss. Any help or resources is appreciated.
Is there an income limit on the ability to take deprciation of a rental property?
- Thread starter keith t
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