ST Alpha - "I don't get why I can depreciate my rental homes, but not the home I live in." (Reading a Post)

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In response to "what? tax breaks for the rich? are you *joking*?? -- nm" by amanda "reduced service" jones

I don't get why I can depreciate my rental homes, but not the home I live in.

Posted by ceregon Mar 10 '11, 11:00

Both experience wear and tear over the years. They were both purchased. Why does one eventually depreciate down to zero and the other doesn't depreciate at all?

Responses:

because its a business expense and they get all the breaks while us living people get screwed -- nm - zeitgeist Mar 10, 11:02 2
- Well -- nm - ceregon Mar 10, 11:06 1
  - oops, well I was hoping for something more logical than that -- nm - ceregon Mar 10, 11:06

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I don't get why I can depreciate my rental homes, but not the home I live in.

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