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Rental property - Do I have to take depreciation on it? |
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作者是 NCKU.net Team
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週四, 01 九月 2005 05:05 |
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A taxpayer does not have to claim depreciation on the rental
property on his/her tax return. However, when reporting the sale of the
rental property, the taxpayer is required to reduce the basis
of the property for allowable depreciation regardless of whether the
depreciation deduction was taken or not.
The IRS recovery of the depreciation will take place even if a
taxpayer does not claim the annual depreciation. The rules say it is
the depreciation you have taken or could have taken.
I have seen several taxpayers who did not take depreciation on the
rental property because they did not know it was mandatory to reduce
the basis by allowance of depreciation when the gain was calculated. I
will suggest claiming depreciation and amending the prior year return
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