Depreciation on Real Estate


I want to take expenses and depreciation off of a house being rented out.



For the expenses on the property put that on Special Expenses.

Put any rent on Cash infusions.

If they sell the property, put the sale on Cash Infusions but you have to estimate and age to sell it.


Depreciation is just not calculated.  If you are saying their taxes are lower because they

are deducting depreciation then either adjust the tax rate of the rental income on Cash infusions,

or on a separate line estimate the reduced tax from depreciation.

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