About rental property deduction

I read the discussion from people in this forum. I appreciate the open-minded discussion that benefit me. Here is my experience.

I read the book "Poor Dad, Rich Dad" and thought that I could utilize all the benefit for my rental property. Yet, I have no depreciation deduction, no re-modeling deduction. Basically, no deduction. You don't have to have terriblely high income to phase out the deductions completely. You'd better check with your accountant on your rental finance plan before making the move.

If somebody has a way to get around it, please share with us.

所有跟帖： 

• Any expert here? please help out -TheLazyMan- ♂ (329 bytes) () 06/27/2007 postreply 13:17:07

• Why? You intentionally chose not to have deduction? -山高月小- ♂ (0 bytes) () 06/27/2007 postreply 13:25:06

• No, I thought I'd have had them. It turned out to be nothing. -Sunflower28- ♂ (0 bytes) () 06/27/2007 postreply 14:26:12

• 回复：About rental property deduction -表情符号- ♀ (26 bytes) () 06/27/2007 postreply 13:32:13

• 我所知道的。 -偶尔到此一游- ♀ (248 bytes) () 06/27/2007 postreply 13:42:05

• Maybe, maybe not. How about 1031 transfer when I sell? -Sunflower28- ♂ (0 bytes) () 06/27/2007 postreply 14:28:29

• 你是说利润再投资？可以啊，但要永远做下去啊。。 -偶尔到此一游- ♀ (0 bytes) () 06/27/2007 postreply 14:34:48

• I am shocked -TheLazyMan- ♂ (114 bytes) () 06/27/2007 postreply 17:59:19

• 9494 -Sunflower28- ♂ (0 bytes) () 06/27/2007 postreply 18:37:20