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Financial Planning / Tax Strategies


Subject:  Depreciation Date:  4/23/2008  9:24 PM
Author:  airahcaz Number:  100532 of 123001

I've converted my primary into a rental house, having moved out of it. Cause the primary loan has adjusted upwards, the rent does not cover the mortgage, insurance, and taxes. My question is one on depreciation. If I don’t have any positive income, what is the benefit of Depreciation on my taxes? A