"Depreciating" Investment Property for Tax Purposes
Your website inspired me last fall to purchase my first investment property.
It's been a great investment, created splendid cash flow and I'm thrilled ... but now it's tax time.
I had planned on "depreciating" the investment property because I was told that was one of the many advantages of being a landlord.
But my accountant has informed me it's just a way of deferring taxes because the Feds will ding me on the backend when I eventually sell my property (maybe in 10 years).
I know you're not accountants, but what do you think?