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Z
zebaiye
Level 1
March 4, 2022
Question

Why is there no depreciation calculated in year of sale of a rental property?

  • March 4, 2022
  • 1 reply
  • 3 views
Property sold in 08/2021. Disposition reported but no depreciation calculated for 2021.
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1 reply

R
rcooley25
Level 7
March 4, 2022

Because you are just moving numbers around on paper. If you claim depreciation in the year of sale you will lower your rental income but the gain on the sale of property will be increasd because you now have a lower basis in that propety.

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