Haha…I’m just going to assume you’re being sarcastic.
Hahahaha i like this guys style! :snky: :plznoirs:
The super has to eat and watch HD TV too…he’s the most expensive part of my entire operation
I guess you’ve never heard of depreciation Mr. tax expert.
Mortgage principal is not the same as depreciable basis.
You may have a general idea of what you’re doing and just have a poor command of the terminology though.
That’s why someone else does my taxes.
Maybe he has a 27.5 year mortgage on the home only…so it’s all the same right?
Haha…true. That also would assume a 100% mortgage (or more accurately a 90% mortgage attributing 10% of purchase price to the land).
X2.