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Posts: 159
well, yes, you can depreciate the property, and include any expenses (taxes, etc) against the rent.
Posted by
tRuMaN (aka Truman)
Nov 16 '11, 08:12
but that depreication is added back when you sell the property in the future, which impacts your gain.
ie, if you depr 20,000
you sell it for 500k
your purchase was 200k
the gain is 500-(200-20)
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