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Financial Planning / Tax Strategies


Subject:  Re: A good day Date:  4/8/2011  12:37 PM
Author:  TMFPMarti Number:  113028 of 124817

Since nobody is living in that house now, is it possible to claim depreciation on it?

Depreciation is an allowable expense only when the property is used to produced income, in this case, as a rental.

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