I have a rental property that has been depreciated every year since 2003. We no longer need the depreciation deduction. Are we required to keep deppreciating every year?

Forum|Forum|3 years ago
April 3, 2023
1 reply
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We are retired now and no longer need the deduction to reduce our income. Have been using the MACRS 27.5 years

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JulieS

Yes, you need to keep claiming your depreciation as long as the property is still rented, until the basis reaches $0.

Even if you don't need the deduction, you have to recapture the depreciation you took, or were allowed to take, when you sell the property. That means depreciation is not optional.

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I have a rental property that has been depreciated every year since 2003. We no longer need the depreciation deduction. Are we required to keep deppreciating every year?

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